U.S. bitcoin ETFs recorded $450.4 million in outflows on Tuesday, their largest daily withdrawal since June 25, as bitcoin traded near $75,700 to $76,000.

Bitcoin ETFs see $450.4 million in outflows

U.S. bitcoin ETFs recorded $450.4 million in outflows on Tuesday, their largest daily withdrawal since June 25.

Bitcoin trades below $76,000

Bitcoin traded at $75,679, after dipping below $75,000 and later trading just under $76,000. It was down 1.4% over 24 hours in one report and 2.5% over the same period in another.

Other major cryptocurrencies also decline

Ether and solana each fell about 3%, while bitcoin, BNB and tron each declined about 1%.

Market positioning remains cautious

  • Bitcoin’s one-week options skew was around 5.76%.
  • Shorts accounted for 51.5% of taker long-short volume over 24 hours.
  • Bitcoin was 8% below its Sept. 4 high.