BTC STUCK AT $63K AS ETFs Flip to Outflows — $332M Exit in 4 Days!
Bitcoin is trading near $62,800–$63,000, down roughly 3.3% over the past week. BTC remains trapped in the $62,000–$66,000 range that has held for over five weeks.
ETF Outflows: US spot Bitcoin ETFs recorded $131.1 million** in net outflows on August 13 — the **fourth consecutive day** of outflows, totaling **$332 million and erasing about 38% of the previous week's record **$853 million** inflow. ARKB ($58.8M) and FBTC ($55.1M) led the declines.
⚠️ The Irony: Despite the outflows, Tudor Investment increased its BTC ETF holdings by 18.9%, and Edelman Financial also expanded its Bitcoin ETF exposure. Harvard University still holds 3.04 million shares of BlackRock's IBIT (~$101.4M).
Key Levels: Resistance at $65,000**; support at **$62,000.
$BTC
#Bitcoin #BTC #ETF #Outflows #CryptoMarket
Bitcoin is trading near $62,800–$63,000, down roughly 3.3% over the past week. BTC remains trapped in the $62,000–$66,000 range that has held for over five weeks.
ETF Outflows: US spot Bitcoin ETFs recorded $131.1 million** in net outflows on August 13 — the **fourth consecutive day** of outflows, totaling **$332 million and erasing about 38% of the previous week's record **$853 million** inflow. ARKB ($58.8M) and FBTC ($55.1M) led the declines.
⚠️ The Irony: Despite the outflows, Tudor Investment increased its BTC ETF holdings by 18.9%, and Edelman Financial also expanded its Bitcoin ETF exposure. Harvard University still holds 3.04 million shares of BlackRock's IBIT (~$101.4M).
Key Levels: Resistance at $65,000**; support at **$62,000.
$BTC
#Bitcoin #BTC #ETF #Outflows #CryptoMarket