BTC Stuck at $63K as ETF Flows Reverse $498M in 24 Hours!
Bitcoin is trading near $63,400, up just 0.27% despite a strong rally in U.S. stocks. The Nasdaq jumped 2.1% and the S&P 500 hit a record close, but crypto markets remained disconnected as sentiment stays locked in "Fear" territory.
ETF Chaos: Spot Bitcoin ETF flows flipped from $233M inflow** to **$265M outflow in just one day — a $498M reversal**. Fidelity's FBTC saw **$33.4M inflow, but it wasn't enough to offset the broader exodus.
Also: Hashdex announced it will close and liquidate its Bitcoin ETF, with the last trading day set for August 17.
Key Level: BTC is holding near the $63,000** support zone. A break below could open the door to **$62,000.
$BTC
#Bitcoin #BTC #ETF #FearAndGreed #CryptoMarket
Bitcoin is trading near $63,400, up just 0.27% despite a strong rally in U.S. stocks. The Nasdaq jumped 2.1% and the S&P 500 hit a record close, but crypto markets remained disconnected as sentiment stays locked in "Fear" territory.
ETF Chaos: Spot Bitcoin ETF flows flipped from $233M inflow** to **$265M outflow in just one day — a $498M reversal**. Fidelity's FBTC saw **$33.4M inflow, but it wasn't enough to offset the broader exodus.
Also: Hashdex announced it will close and liquidate its Bitcoin ETF, with the last trading day set for August 17.
Key Level: BTC is holding near the $63,000** support zone. A break below could open the door to **$62,000.
$BTC
#Bitcoin #BTC #ETF #FearAndGreed #CryptoMarket