Bitcoin continued to fluctuate around $95,000 over the weekend, reaching a high of $95,750 yesterday. However, a new wave of declines started from yesterday evening, with the price dropping to a low of $93,000 around 6:30 AM this morning, marking the lowest point in nearly a week. At the time of writing, there has been a slight recovery, with the current price at $93,811, reflecting a 1.1% drop over the last 24 hours.

Bitcoin Spot ETF Funds Flow Out Again

In terms of the performance of Bitcoin spot ETFs, there was another outflow of $297 million last Friday (net outflow for the week was $376 million after accounting for the holiday). Currently, the market liquidity shortage caused by the European and American holidays does not seem to have significantly recovered. If the outflow of funds does not improve, it could continue to put pressure on Bitcoin's price.

Liquidations in the Last 24 Hours Total $161 Million

According to data from Coinglass, over the past 24 hours, the total amount of liquidations across the cryptocurrency market reached $161 million. Long positions accounted for the majority of these liquidations with $118 million, while short positions saw $4,251 in liquidations, with over 76,000 traders being liquidated.

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