The value of bitcoin fell by eight percent and its current value is below 70,000 dollars, for the first time since November 6, 2024, according to data on the “Binance” stock exchange.
On “Binance”, the world’s largest cryptocurrency exchange, one Bitcoin is sold at a price of $69,994.2.
“We believe that this large drop (in the value of bitcoin) is mainly a consequence of the massive withdrawal of funds from ETF funds. These funds have been recording outflows in the amount of several billion dollars per month, since October 2025,” the financial analysts of Deutsche Bank stated in the report.
They also presented the data that American ETF funds recorded outflows of more than three billion dollars in January, after outflows of around two billion dollars in December and seven billion dollars in November last year.
According to them, this trend has led to a decrease in interest in digital assets, and has made trust in cryptocurrencies fragile.
“This continued sell-off indicates that investors are losing interest and overall pessimism about cryptocurrencies is growing,” the analysis concluded.
