Bitcoin price drops to a new low in 2026 and clears over $1 billion within 24 hours

The US spot Bitcoin ETF experienced a daily outflow of $469 million, higher than the previous day's $114 million, and has had a net outflow for seven consecutive weeks. The Federal Reserve maintains high interest rates due to high expectations of inflation data, and the CME FedWatch tool shows an increasing probability of interest rate hikes within the year. Large holders of 10 to 10000 BTC have recently sold tens of thousands of tokens, and Strategy has sold some Bitcoin to pay preferred stock dividends. Bitcoin fell below key price levels, leading to leveraged traders being forced to close their positions. （Cointelegraph）