Bitcoin trades near $83K as market attempts to stabilise; spot ETF outflows signal cautious institutional sentiment

What happened: Bitcoin traded near $83,000 as the crypto market attempted to stabilise after last week's deleveraging, with Ethereum up 2.09% to around $2,551. Key numbers: Bitcoin up 0.42% in 24 hours. US spot Bitcoin ETFs saw $681 million in outflows, ending a three-week inflow streak. More than $2.4 billion in liquidations. Why it matters: Analysts described the move as a relief recovery rather than a confirmed reversal, with ETF outflows signalling cautious institutional sentiment. A stronger dollar, elevated yields and Fed uncertainty continue to weigh on risk appetite.

Bitcoin traded near $83,000 as the crypto market attempted to stabilise after last week's deleveraging, with Ethereum up 2.09% to around $2,551.

Analysts described the move as a relief recovery rather than a confirmed reversal, with ETF outflows signalling cautious institutional sentiment. A stronger dollar, elevated yields and Fed uncertainty continue to weigh on risk appetite.