🚨 BITCOIN UNDER PRESSURE: ETFs WITHDRAW $1.04 BILLION, BUT TREASURIES KEEP BUYING
The crypto market is going through another cautious session, with pressure on Bitcoin and new warnings involving exchanges.
₿ $BTC AND INSTITUTIONAL FLOWS
BTC traded below $77,000 this Tuesday (03/11).
U.S. spot Bitcoin ETFs recorded outflows of:
$643.2 million on 10/30.
$398.6 million on 11/02.
That’s approximately $1.04 billion in withdrawals over two trading sessions.
But there’s a counterpoint: Strategy bought 811 BTC, and Strive acquired another 124 BTC in the most recent periods.
🔴 BINANCE: RECOVERY UNDERWAY
Following the attack, estimated at $6.3 billion, Binance reported that about 95% of the affected tokens had already been replenished. Net customer withdrawals reached $4.72 billion, but flows on the platform have begun to normalize.
🇧🇷 MERCADO BITCOIN: $48.6 MILLION INVOLVED
Bitquery’s on-chain investigation identified transactions totaling approximately $48.6 million across ten networks. About $11.4 million was frozen by asset issuers.
Mercado Bitcoin says customers will not lose their assets. Deposits and withdrawals remain suspended while security is restored.
📊 THE TAKEAWAY: ETFs are seeing significant outflows, while some treasuries continue accumulating Bitcoin. At the same time, security incidents are putting trust in centralized platforms to the test.
Are we facing a market correction or a deeper crisis of confidence?
#Bitcoin #Binance #MercadoBitcoin #cripto #ReschResearch
The crypto market is going through another cautious session, with pressure on Bitcoin and new warnings involving exchanges.
₿ $BTC AND INSTITUTIONAL FLOWS
BTC traded below $77,000 this Tuesday (03/11).
U.S. spot Bitcoin ETFs recorded outflows of:
$643.2 million on 10/30.
$398.6 million on 11/02.
That’s approximately $1.04 billion in withdrawals over two trading sessions.
But there’s a counterpoint: Strategy bought 811 BTC, and Strive acquired another 124 BTC in the most recent periods.
🔴 BINANCE: RECOVERY UNDERWAY
Following the attack, estimated at $6.3 billion, Binance reported that about 95% of the affected tokens had already been replenished. Net customer withdrawals reached $4.72 billion, but flows on the platform have begun to normalize.
🇧🇷 MERCADO BITCOIN: $48.6 MILLION INVOLVED
Bitquery’s on-chain investigation identified transactions totaling approximately $48.6 million across ten networks. About $11.4 million was frozen by asset issuers.
Mercado Bitcoin says customers will not lose their assets. Deposits and withdrawals remain suspended while security is restored.
📊 THE TAKEAWAY: ETFs are seeing significant outflows, while some treasuries continue accumulating Bitcoin. At the same time, security incidents are putting trust in centralized platforms to the test.
Are we facing a market correction or a deeper crisis of confidence?
#Bitcoin #Binance #MercadoBitcoin #cripto #ReschResearch
