Bitcoin falls to $68 amid ETF outflows and market pressure.

• Bitcoin falls to $68 as ETFs sell off.
• Bitcoin ETFs register $227 million in withdrawals.
• Ethereum falls to $1.991 and the market follows the decline.

The price of Bitcoin fell again and was trading near US$68.888, down 3,40% in the last 24 hours, reflecting the recent weakening of the market after further capital outflows from Bitcoin ETFs.

The latest data shows that Bitcoin ETFs recorded net outflows of $227,8 million on Thursday, halting the recovery momentum seen earlier in the week. During the same period, Ethereum ETFs recorded net withdrawals of $90,9 million, reinforcing the cautious sentiment among institutional investors.

The correction also spread to other large-cap cryptocurrencies. Ethereum (ETH) was trading near $1.991, accumulating a 4,03% drop in the last 24 hours.

Among the main assets in the market, BNB fell to US$628, down 3,38%, while XRP traded near US$1,36, registering a decline of 3,60% in the same period.

Selling pressure also hit other relevant cryptocurrencies. Solana (SOL) was trading around $85, after a 4,73% drop, while Dogecoin (DOGE) fell 3,96%, trading near $0,09.

Cardano (ADA) also followed the negative market trend, trading near US$0,26, down 4,71% in the last 24 hours.

In the technical field, trader Jelle observed that Bitcoin has lost a relevant level of support in the short term. According to him, the asset fell below the 200-period EMA on the four-hour chart, just two days after recovering from that moving average.

This movement may indicate a weakening of buying momentum. According to the analyst, maintaining the price above US$70.000 remains an important level for buyers. A price remaining below this range could signal greater dominance by sellers in the short term.

Despite the recent price drop, on-chain indicators continue to show growth in the Bitcoin network. Data from Santiment indicates that the asset has reached 58,45 million non-empty wallets, establishing a new all-time adoption record.

Another point observed by analysts is the drop in the volume of BTC held on exchanges. The amount of coins available on these platforms has fallen to its lowest level since December 2017, suggesting that many investors are continuing to transfer their assets to self-custody or offline storage.

Meanwhile, Ethereum is also facing technical pressure. Trader Ted Pillows pointed out that the asset failed to sustain the $2.150 level, which triggered the recent correction.

According to the analyst, the most important support zone is currently between $2.000 and $2.050. If Ethereum manages to stabilize in this range, the asset may attempt a new move towards $2.200 or higher levels in the coming sessions.