Bitcoin Holds Above $65K Despite Record Outflows from GBTC
- Bitcoin remains above $65,000 despite record GBTC outflows
- GBTC outflows occurring due to high fees and ETF competition
- Outflow from GBTC hit $643 million on March 18
- Net outflow from bitcoin ETFs totals $154 million
- Selling pressure coming from short term bitcoin holders taking profits
