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Bitcoin is suffering from its longest downward streak since April: Over $1.17 billion withdrawn from American spot ETFs
Bitcoin ETF: Longest negative streak since April Bitcoin (BTC) has undergone a remarkable development in the last few days. The cryptocurrency reached its longest negative ETF streak since April, which is a clear indicator of the current market situation. More than $1.17 billion has been withdrawn from American spot Bitcoin ETFs in just five trading days. …
Bitcoin is suffering from its longest downward streak since April: Over $1.17 billion withdrawn from American spot ETFs
Bitcoin ETF: Longest negative series since April
Bitcoin (BTC) has undergone a remarkable development in the last few days. The cryptocurrency reached its longest negative ETF streak since April, which is a clear indicator of the current market situation. More than $1.17 billion has been withdrawn from American spot Bitcoin ETFs in just five trading days.
These outflows could be due to various market conditions, including regulatory uncertainty or a general market correction. Investors appear to be cautious at this stage, which is reflected in the withdrawal of funds from the ETFs.
BTC's performance is the focus of many investors and analysts as it not only reflects market sentiment but could also influence the cryptocurrency's further direction. The ongoing outflows from Bitcoin ETFs raise questions about investor confidence and future demand for Bitcoin.
It remains to be seen how the market will perform and whether it can potentially be influenced by new stimulus or positive news to regain investor confidence.