Morning Minute: Bitcoin Headed for Rare Back-to-Back Quarterly Loss
Decrypt·
60-second summary
Bitcoin is on track for a rare back-to-back quarterly loss, with $1.79 billion in ETF outflows last week exacerbating the situation. However, historical data suggests that a quarterly loss is often followed by a rebound, with Bitcoin's average quarterly gain being 15.6% after a loss. Market sentiment remains cautious, but a potential turnaround is in sight.
Another $1.79B in ETF outflows last week certainly isn't helping—but if history repeats, there is reason for hope.