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The four-week negative streak now totals $4.9 billion — the third largest since 2018, Head of Research James Butterfill said.
Bitkub's IPO could take place as early as next year, with the company aiming to raise $200 million, Bloomberg reported.
Maller's news prompted scrutiny on whether the alleged Biden-era 'Operation Chokepoint 2.0' is still at large.
US spot bitcoin ETFs reported $1.22 billion in net outflows last week, bringing four-week cumulative outflows to $4.34 billion.
Market structure remains fragile, and bitcoin is expected to consolidate within a tight range of $85,000 to $90,000, analysts said.