Bitcoin ETFs Shed $649M in a Day as Long-Term BTC Holders ‘Limit Downside Potential’
Decrypt·
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Bitcoin ETFs in the U.S. are experiencing significant outflows, with $648 million being withdrawn in a single day, Monday. This comes as long-term BTC holders continue to accumulate the cryptocurrency, potentially limiting downside potential. The increased demand from these holders is driving up Bitcoin prices, causing investors to reassess their investment strategies in the market.
U.S. spot Bitcoin ETFs posted $648 million outflows Monday as long-term BTC holders continue to accumulate the cryptocurrency.