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SATURDAY RECAP: BTC HOLDS AT $76,000, BUT WALL STREET KEEPS SELLING1. BTC TOOK A BREATHER
After Thursday and Friday’s massacre, BTC is trading sideways today at $75,900–$76,100 (+0.6% on the day).
Day’s range: $74,888–$76,250. Volume is half its usual level, typical for a Saturday. With Wall Street closed, the market is moving on crypto alone. The slide has finally stopped, but keep in mind: we’re still down 2.9% for the week and 5.5% below Wednesday’s peak of $80,470.
2. THE WORRYING DATA: ETF OUTFLOWS KEEP BLEEDING
Yesterday, Friday, BTC ETFs saw another outflow of -$411.9M. That makes 2 days in a row
SATURDAY RECAP: BTC HOLDS AT $76,000, BUT WALL STREET KEEPS SELLING
1. BTC TOOK A BREATHER
After Thursday and Friday’s massacre, BTC is trading sideways today at $75,900–$76,100 (+0.6% on the day).
Day’s range: $74,888–$76,250. Volume is half its usual level, typical for a Saturday. With Wall Street closed, the market is moving on crypto alone. The slide has finally stopped, but keep in mind: we’re still down 2.9% for the week and 5.5% below Wednesday’s peak of $80,470.
2. THE WORRYING DATA: ETF OUTFLOWS KEEP BLEEDING
Yesterday, Friday, BTC ETFs saw another outflow of -$411.9M. That makes 2 days in a row
After Thursday and Friday’s massacre, BTC is trading sideways today at $75,900–$76,100 (+0.6% on the day).
Day’s range: $74,888–$76,250. Volume is half its usual level, typical for a Saturday. With Wall Street closed, the market is moving on crypto alone. The slide has finally stopped, but keep in mind: we’re still down 2.9% for the week and 5.5% below Wednesday’s peak of $80,470.
2. THE WORRYING DATA: ETF OUTFLOWS KEEP BLEEDING
Yesterday, Friday, BTC ETFs saw another outflow of -$411.9M. That makes 2 days in a row
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