BEARISH 📉 : Bitcoin Price Drop Creates $1 Billion Loss for Strategy

Recent Bitcoin price fluctuations have impacted institutional investors:

Bitcoin's recent price drop has led to significant unrealized losses for institutional holders like Strategy, formerly MicroStrategy.
Strategy, holding 712,647 BTC, has over $1 billion in unrealized losses as BTC briefly fell below $75,000.
Despite this, BTC's current trading price at around $76,711 places holdings back in positive territory.
Michael Saylor remains confident in his investment strategy, hinting at potential further accumulation.

Spot Bitcoin ETFs are experiencing substantial outflows:

Bitcoin's price is below the average cost basis of spot Bitcoin ETFs.
ETFs have seen significant weekly outflows, with $2.8 billion in net outflows over the past two weeks.
The average cost basis for these ETFs is approximately $87,830 per Bitcoin.
Total assets under management for these ETFs have dropped by 31.5% since their peak in October.