After a 4.5% drop in Bitcoin's price following a market decline, Bitcoin exchange-traded funds (ETFs) experienced a significant outflow of $287.8 million on September 3. This marks the fifth consecutive day of outflows from these funds.
The continuous outflow has led to nearly $200 million in liquidations across the market.
As a result, there are growing fears of market instability and a potential price drop of Bitcoin to $56,000.
