Spot Bitcoin ETFs have now lost more than 2.5 billion dollars since October 30. 📉
Farside Investors data reported by CoinDesk shows United States spot Bitcoin ETFs have lost around 1.88 billion dollars since the start of November, with Thursday alone seeing 47.7 million dollars of outflows, the sixth straight day, totalling around 1.44 billion dollars. 📊 BusinessToday puts total outflows between October 30 and November 11 at more than 2.5 billion dollars, a clear sign of weakening institutional demand. My reading is that ETF buyers were the bid all year, and when they turn sellers for six straight days, there is no big buyer left to catch the fall until flows turn.
Do ETF flows turn positive this week, or does the outflow streak keep pressing price down? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #ETF
Farside Investors data reported by CoinDesk shows United States spot Bitcoin ETFs have lost around 1.88 billion dollars since the start of November, with Thursday alone seeing 47.7 million dollars of outflows, the sixth straight day, totalling around 1.44 billion dollars. 📊 BusinessToday puts total outflows between October 30 and November 11 at more than 2.5 billion dollars, a clear sign of weakening institutional demand. My reading is that ETF buyers were the bid all year, and when they turn sellers for six straight days, there is no big buyer left to catch the fall until flows turn.
Do ETF flows turn positive this week, or does the outflow streak keep pressing price down? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #ETF
