Aliens TLDR

At the time of writing, BTC was hovering around $20,000 yet again, which is beginning to seem like a familiar situation for investors.

This is the first time that BTC dipped to such a low in the last seven days.

According to CoinShares data, exchange outflows for Bitcoin specific funds accounted for $453 million in the past week.

The largest contribution is from the six to 12 months group who were responsible for 3.1k BTC holdings.

Furthermore, the 12-18 months and the three to five year bands were responsible for holdings of 200 BTC each.

As mentioned above, there is growing FUD in the crypto market and BTC is obviously an important cog in the wheel.