US Bitcoin Spot ETF Sees $64.9 Million Net Outflow: Analyzing the Latest Impact on BTC

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

According to data from Farside Investors, the US Bitcoin spot ETF experienced a significant net outflow of $64.9 million on April 5th. This decline primarily reflected investor sentiments towards major funds, notably with Bitwise BITB facing an outflow of $17.9 million. Additionally, ARK Invest’s ARKB reported a decrease of $21.8 million, while the Grayscale GBTC saw a substantial outflow of $25.2 million. These trends may indicate a cautious approach among investors, as they reassess their positions in the evolving cryptocurrency market.