$BTC BlackRock is also selling hard!
In June, $3.55 billion was sold.
A new record for the largest monthly outflow.
ETF buying has completely weakened.
Institutional pressure isn’t over yet!
BlackRock’s Bitcoin ETF saw outflows of about $3.55 billion in June, setting a record for the largest single-month outflow in history. Previously, ETFs were the biggest BTC buying narrative; now, they’ve turned into the most obvious source of sell pressure.
Even BlackRock is outflowing.
It’s difficult for BTC to rebound easily.
In June, $3.55 billion was sold.
A new record for the largest monthly outflow.
ETF buying has completely weakened.
Institutional pressure isn’t over yet!
BlackRock’s Bitcoin ETF saw outflows of about $3.55 billion in June, setting a record for the largest single-month outflow in history. Previously, ETFs were the biggest BTC buying narrative; now, they’ve turned into the most obvious source of sell pressure.
Even BlackRock is outflowing.
It’s difficult for BTC to rebound easily.