【Bearish for $BTC 】Spot Bitcoin ETF outflows are increasing: nearly $300 million on Wednesday, compared with $95 million the day before.
BlackRock’s Bitcoin ETF saw cumulative outflows of about $2 billion over nine trading days, with redemptions totaling $1.44 billion over five trading days.
ETFs are a major channel for off-exchange funds to enter Bitcoin. Consecutive net outflows indicate that these funds are pulling back, which could make it harder for the price to rise. First, watch 73,260 and 72,727 below; 74,811 above may pose resistance.
#比特币 #BTCETF #BlackRock
BlackRock’s Bitcoin ETF saw cumulative outflows of about $2 billion over nine trading days, with redemptions totaling $1.44 billion over five trading days.
ETFs are a major channel for off-exchange funds to enter Bitcoin. Consecutive net outflows indicate that these funds are pulling back, which could make it harder for the price to rise. First, watch 73,260 and 72,727 below; 74,811 above may pose resistance.
#比特币 #BTCETF #BlackRock
