Bitcoin ETFs just erased the week’s inflows
U.S. spot Bitcoin ETFs recorded approximately $484.9 million in net outflows on Wednesday, after attracting $118.8 million on Tuesday
It was the largest daily outflow since June
This reversal changes the market picture: institutional investors are no longer simply buying the dip. Rising Treasury yields and renewed inflation concerns appear to be pushing traders to reduce exposure to risk assets
Bitcoin remains under pressure, although one session alone is not enough to confirm a lasting bearish trend. The market now needs to show whether ETF outflows will continue or whether this was simply profit-taking after the early-October rally
#BitcoinDunyamiz #bitcoin
U.S. spot Bitcoin ETFs recorded approximately $484.9 million in net outflows on Wednesday, after attracting $118.8 million on Tuesday
It was the largest daily outflow since June
This reversal changes the market picture: institutional investors are no longer simply buying the dip. Rising Treasury yields and renewed inflation concerns appear to be pushing traders to reduce exposure to risk assets
Bitcoin remains under pressure, although one session alone is not enough to confirm a lasting bearish trend. The market now needs to show whether ETF outflows will continue or whether this was simply profit-taking after the early-October rally
#BitcoinDunyamiz #bitcoin