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⚡Bitcoin ETFs Suffer $1.17B in Outflows🔌

Croxroad

22 Aug 2025 — 3 min read

☕️ GM Dear Plebs!

Here is Crox Road, your daily dose of orange pill that will turn you into a Bitcoin Maxi.

The menu for today:

🤯 Five-Day ETF Exodus

Bitcoin has faced another wave of selling pressure as spot ETFs recorded $1.17 billion in outflows over just five trading sessions, marking the longest streak of redemptions since April. The consistent withdrawals have weighed on market sentiment, with prices sliding toward the $113,000 range. Traders are watching closely, trying to gauge whether this trend signals deeper weakness or simply short-term positioning.

Despite the ETF outflows, Anthony Pompliano remains optimistic, arguing that Bitcoin is currently “pretty oversold.” He noted that the relative strength index (RSI) shows levels where historically Bitcoin has rebounded. According to him, the heavy selling is less a sign of collapse and more an indication that the market could be due for a reversal. Oversold conditions often create strong bounce opportunities, particularly when fear dominates investor psychology.

Pompliano also pointed to seasonal patterns, reminding investors that Bitcoin has a history of regaining momentum as September approaches. He suggested that the current pullback might soon give way to renewed strength, especially if institutional buyers return once ETF pressures ease. For those with a long-term perspective, this phase may be less about panic and more about preparation for the next leg up.

👮‍♂️ Fake Cop, Real Loss

A Bitcoin investor in Wales has lost a staggering $2.8 million after falling victim to a fake police scam. The fraudsters posed as North Wales Police officers, convincing the victim that his crypto holdings were under threat and needed to be transferred for safekeeping. The elaborate ruse included a convincing phone call and a fake website designed to look like an official police portal, where the victim was tricked into entering his wallet details.

The criminals used classic social engineering tactics, preying on fear and urgency to pressure the investor into handing over access. Once the private information was entered, the scammers swiftly drained the wallet, leaving the victim with no way to recover the lost Bitcoin. This case highlights how even experienced investors can be caught off guard when authority is falsely invoked, and how scammers increasingly leverage official-looking channels to establish credibility.

Police have since warned the public to remain cautious and to never provide sensitive information through links or calls claiming to be from authorities. This shocking scam underscores the importance of verifying every request, no matter how legitimate it appears. For the crypto community, it’s another reminder that while blockchain may be secure, human vulnerability remains the easiest target for fraudsters.