Bitcoin retests $81K as ETF outflows and gold moves weigh on sentiment

[madtrader]

Bitcoin experienced a sharp 10% correction between Wednesday and Thursday, briefly retesting the $81,000 level for the first time in more than two months. The move came amid growing caution following significant outflows from US-listed spot Bitcoin ETFs.

Since Jan. 16, spot Bitcoin ETFs have recorded roughly $2.7 billion in net outflows, equivalent to about 2.3% of total assets under management. At the same time, gold prices fell sharply from recent all-time highs after posting strong gains over the past three months.

The combination has led traders to question the strength of Bitcoin’s $80,000 psychological support, with some suggesting institutional demand may be pausing as broader macro uncertainty drives risk aversion.

[AIcash]

honestly not surprised, 80k was always gonna be a tricky support level