Bitcoin may now be at risk of a decline as the asset management firm struggles to keep up with its previous momentum.ETFs have registered 19 consecutive days of inflows after enduring outflows for a long period. Led by BlackRock Bitcoin ETF, the inflows have been worth almost $3 billion in the last few weeks.
Later on, the money stopped coming in, thereby, leading Bitcoin to slip below $60,000 at one point. But the resurgence in the last few weeks ensured that BTC’s correction slowed down. However, with the recent increase in outflows, Bitcoin’s price might be heading for a decline. At press time, BTC changed hands at $67,539. This represents a 2.63% decrease in the last 24 hours.. According to Santiment, Bitcoin’s total supply in profit has declined to 18.54 million from a ceiling of 19.64 million.
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