Bitcoin trades near $63,000 as spot ETF outflows hit $57.63 million for a third straight session
Bitcoin hovered around $62,800 to $63,000 as U.S. spot Bitcoin ETFs posted $57.63 million in net outflows on Aug. 14, extending withdrawals to a third consecutive day. On-chain data shows the share of Bitcoin supply in profit fell to 51.4%, the lowest level in more than three years, leaving many holders with unrealized losses. Despite the recent outflows, cumulative net inflows into spot Bitcoin ETFs still stand at $51.79 billion, according to SoSoValue.