Title: BTC Plunge and ETF Outflows Trigger Market Chain Reaction

Recap: Strategy tested selling 32 BTC ($2.47M), resulting in BTC dropping $11.4K (-15.6%) in just 3 days, wiping out $228B in market cap. ETF Outflows Accelerate: After Strategy announced the sale, BTC ETFs saw $1.45B in outflows over 3 trading days. Over 13 consecutive trading days, a total of $4.37B flowed out. Chain Reaction Triggered: - Mt. Gox BTC moved to Bitstamp exchange - Tether's BTC reserves transferred to Bitfinex for the first time - Crypto asset management firm Abraxas Capital reduced BTC holdings -------------------------------------------------------------------------- Bitget: Join and you're VIP! Crypto, US stocks, CFDs—global opportunities all in one place.