Bitcoin ETF outflows are slowing, but they are still bleeding for a fourth straight day. 📉
TradingView reports United States spot Bitcoin ETFs recorded 95 million dollars of net outflows on Tuesday 10 November, the fourth straight session of outflows, down from 430 million dollars on Thursday and 412 million on Friday and 201 million on Monday, while BlackRock IBIT alone has now seen outflows for eight straight sessions. 📊 Total outflows since the start of November are about 1.6 billion dollars, and year to date net flows have turned negative at about 1.1 billion dollars, with spot Ether ETFs also losing about 185 million dollars on 9 November. My reading is that the bleeding is easing, which is the first small positive in a week of bad flow data, but easing is not buying, and the market needs an actual inflow day before it can trust the bounce.
Does an ETF inflow day come this week, or does the outflow streak reach five? 🤔
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#Crypto #Bitcoin #FuturesTrading #TradingSignals #ETF
TradingView reports United States spot Bitcoin ETFs recorded 95 million dollars of net outflows on Tuesday 10 November, the fourth straight session of outflows, down from 430 million dollars on Thursday and 412 million on Friday and 201 million on Monday, while BlackRock IBIT alone has now seen outflows for eight straight sessions. 📊 Total outflows since the start of November are about 1.6 billion dollars, and year to date net flows have turned negative at about 1.1 billion dollars, with spot Ether ETFs also losing about 185 million dollars on 9 November. My reading is that the bleeding is easing, which is the first small positive in a week of bad flow data, but easing is not buying, and the market needs an actual inflow day before it can trust the bounce.
Does an ETF inflow day come this week, or does the outflow streak reach five? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #ETF
