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Bitcoin faces its worst January in nearly three years, with a record outflow of $3.7 billion from ETFs in a single month.

On November 26, according to Forbes, the funds outflow from the U.S.-listed Bitcoin Spot ETF in November has reached 3.7 billion USD, surpassing the record of 3.6 billion USD set in February this year. As a barometer of the crypto market, Bitcoin has fallen more than 35% from its peak of 126,000 USD on October 12, hitting a low of 80,000 USD on November 21, the lowest level since April. The entire crypto market started to decline sharply in October, with the speed of decline nearing that of the FTX collapse (2022). Ethereum-related ETFs also saw an outflow of over 1.6 billion USD in November. Last week, the total market capitalization of global crypto assets fell below 3 trillion USD for the first time since April.

BTC-1.89%
ETH-0.72%
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