There has been a net withdrawal of more than $5 billion from these ETFs in only four weeks. The US spot Bitcoin ETF witnessed $77.44M worth of outflows on June 9, adding to the ongoing streak of outflows. Understand why investors no longer like Bitcoin spot ETFs. As of June 9th, the eleven spot ETFs’
The market sentiment was dampened just as the important $60,000 support level was being tested. Just one month ago, the projected daily return for 1 terahash per second of hashing power was $0.039. On Tuesday, it hit a new low of $0.028. Along with Bitcoin’s price drop to $62,000, on-chain activity has been poor and revenue for
CryptoQuant warned that the realized price of Bitcoin, which is approximately $53,600, should not be seen as a verified cycle low. At the time of writing, BTC is trading at $63,106, up 3.24% in the last 24 hours as per data from CMC. The crypto analytics company CryptoQuant suggests that Bitcoin’s price could be bottoming out
CryptoQuant warned that the realized price of Bitcoin, which is approximately $53,600, should not be seen as a verified cycle low. At the time of writing, BTC is trading at $63,106, up 3.24% in the last 24 hours as per data from CMC. The crypto analytics company CryptoQuant suggests that Bitcoin’s price could be bottoming out
Bitcoin price is trading at the $66K mark. If momentum holds, this region is BTC’s next major resistance target. Bitcoin has finally reclaimed and broken above the key $64,360 resistance level, a zone that had capped price advances over the past several sessions. The chart shows multiple failed attempts to push through this level, making
In the short term, $68K remains the critical level to monitor. Bitcoin (BTC) is currently trading around $65K. Bitcoin’s recent price action has shifted the liquidity landscape. During the decline below $60K, a significant amount of downside liquidity was absorbed as stop-loss orders and leveraged positions were cleared from the market. With the February low