Bitcoin Reclaims $83K After Dip Below $81K as ETF Outflows Hit $681M

The recovery above $83,000 looks technical rather than conviction-driven: liquidations were overwhelmingly long, meaning the selloff cleared leveraged buyers rather than reflecting fresh demand. The more telling signals sit elsewhere — sustained ETF outflows and Strategy's unusually small purchase suggest institutional accumulation has cooled even as spot price stabilizes. MSCI's pending review of non-operating companies is the near-term variable, since its outcome could reshape how treasury-heavy vehicles are treated by index providers. Whether ETF flows turn positive again, or the KOSPI's sharp drop spills into crypto sentiment, remains the open question.