ETFs bled over $1.2 billion in a week.
Spot Bitcoin ETFs saw net outflows of $678.9 million this week, while spot Ethereum ETFs recorded $542.2 million in outflows over the same period. Combined, that’s more than $1.2 billion withdrawn.
Five consecutive days of redemptions have thinned out buying pressure, with institutions cutting their positions to reduce risk. It’s encouraging that BTC is holding above key short-term support, but if ETF outflows continue, the price will likely test lower levels again.
What’s your cost basis for BTC? Would you dare to add at this level, or would you reduce your position first?
Spot Bitcoin ETFs saw net outflows of $678.9 million this week, while spot Ethereum ETFs recorded $542.2 million in outflows over the same period. Combined, that’s more than $1.2 billion withdrawn.
Five consecutive days of redemptions have thinned out buying pressure, with institutions cutting their positions to reduce risk. It’s encouraging that BTC is holding above key short-term support, but if ETF outflows continue, the price will likely test lower levels again.
What’s your cost basis for BTC? Would you dare to add at this level, or would you reduce your position first?