🟠 Bitcoin ETF outflows hit a record $6.35 billion: Are institutional sell-offs finally cooling down?
Spot Bitcoin ETFs in the US have just dumped a record $6.35 billion over 30 days, marking the biggest outflow since their launch in January. This isn't just a blip; it's been six weeks straight of institutional investors shedding their BTC assets 📉. The selling pressure has been relentless, pushing Bitcoin prices down nearly 17% just in the last month. Higher interest rates on treasury bonds and a general risk-off sentiment are causing capital to flow into safer assets, while Grayscale's GBTC high fees are accelerating the outflow, even though BlackRock's IBIT continues to attract significant inflows overall. But here's the kicker: the bloodletting has sharply slowed in recent days. Weekly outflows have dropped by 87% from the peak in early June, suggesting that the most intense selling phase may be behind us 🔥. This resilience around the $64,000 level indicates that long-term holders are soaking up the supply, but the true bottom will only be confirmed by a sustained return to net inflows.
📊 Expect ongoing volatility in BTC and ETH as outflows weaken but remain negative. Altcoins are likely to lag until BTC shows a clear upward momentum. A sustained return of inflows could trigger a sharp surge across the board in the coming weeks.
When will the money start flowing again? 👇
#bitcoin #etf #outflows #institutional #gbc
Spot Bitcoin ETFs in the US have just dumped a record $6.35 billion over 30 days, marking the biggest outflow since their launch in January. This isn't just a blip; it's been six weeks straight of institutional investors shedding their BTC assets 📉. The selling pressure has been relentless, pushing Bitcoin prices down nearly 17% just in the last month. Higher interest rates on treasury bonds and a general risk-off sentiment are causing capital to flow into safer assets, while Grayscale's GBTC high fees are accelerating the outflow, even though BlackRock's IBIT continues to attract significant inflows overall. But here's the kicker: the bloodletting has sharply slowed in recent days. Weekly outflows have dropped by 87% from the peak in early June, suggesting that the most intense selling phase may be behind us 🔥. This resilience around the $64,000 level indicates that long-term holders are soaking up the supply, but the true bottom will only be confirmed by a sustained return to net inflows.
📊 Expect ongoing volatility in BTC and ETH as outflows weaken but remain negative. Altcoins are likely to lag until BTC shows a clear upward momentum. A sustained return of inflows could trigger a sharp surge across the board in the coming weeks.
When will the money start flowing again? 👇
#bitcoin #etf #outflows #institutional #gbc