Bitcoin recovers to $97,000 as ETFs see net outflows for third consecutive trading day

While Bitcoin (BTC) prices recovered to the $97,000 level, Bitcoin spot exchange-traded funds (ETFs) recorded net outflows for the third consecutive trading day.
As of 4:20 pm on the 15th, the price of Bitcoin in South Korea based on BitTorrent was 144,397,000 won (approximately US$155,200), up 0.62% from the same time the previous day.
At the same time, the overseas Bitcoin price based on CoinMarketCap was trading at $97,271 (approximately JPY 15.28 million), up 2.43% from the same time the previous day.
Bitcoin, which recently plummeted to nearly $90,000, resurfaced above $97,000 the previous day. This is the first time Bitcoin has exceeded $97,000 since the 8th.
Meanwhile, the Bitcoin Spot ETF recorded a net outflow for the third consecutive trading day. On the 13th (local time), $284.1 million was withdrawn from the Bitcoin Spot ETF.
Asset management company Ark Invest recently released a report stating, "Recently, Bitcoin has been unable to break through the $100,000 mark and has entered a correction market, but Bitcoin's price volatility over the past month has been the strongest in the past bullish period."
Ark Invest said, "Compared to price fluctuations over the past year, Bitcoin's price fluctuations have been stable over the last month," and added, "This is because there is no momentum for further increases.
"This means that there is still some left," he said. Investment sentiment towards virtual assets is in a "greedy" state. According to Alternative.mi, a virtual asset data provider, the Crypto Fear and Greed Index for this day was 1.27 billion yen.
is at 70, up 7 points from the previous day. The closer the index is to 0, the closer the investor sentiment is to extreme fear, while the closer it is to 100, the more extreme optimism there is.