According to recent insights from COINOTAG, the cryptocurrency market is exhibiting notable trends as of February 20. Data compiled from Farside Investors and Trader T indicates a substantial net outflow of $64.1 million from the US Bitcoin spot ETF. This marks the second consecutive day of net withdrawals, highlighting a potential shift in investor sentiment. Furthermore, BlackRock’s IBIT reported no net inflows or outflows during this period, although its trading volume stood at a significant $1.6 billion. These developments serve as critical indicators for market analysts and investors, reflecting underlying dynamics in Bitcoin ETF activity within the current financial landscape.
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