Golden Finance reported that Bitcoin price fell 3.6% to about $85,600 on Wednesday, down 15% in the past month, and more than $800 billion in the global cryptocurrency market evaporated in just a few days. The outflow of spot Bitcoin ETFs exceeded the previous daily record of $671 million. Geoff Kendrick, global head of digital asset research at Standard Chartered Bank, estimated that the average purchase price of spot Bitcoin ETFs has been about $97,000 each since the U.S. election, meaning buyers lost a total of about $1.3 billion during that period.