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via Cointelegraph · By Cointelegraph Staff

Bitcoin ETF Outflows Are a ‘Contrarian’ Buy Signal: Santiment

BTC

BTC/USDT

$62,554.21

-3.77%

$62,554.21

-3.77%

(24s)

24h Volume

$19,420,086,933.34

24h H/L

$65,146.00 / $61,938.00

Change: $3,208.00 (5.18%)

Long/Short

68.5%

Long: 68.5%Short: 31.5%

Funding Rate

-0.0020%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,543.88

▼ -2.31%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$64,671.00

Resistance 1$62,914.47

Price$62,543.88

Support 1$61,834.89

Support 2$60,591.46

Support 3$59,162.41

Pivot (PP):$62,919.09

Trend:Downtrend

RSI (14):36.9

Cointelegraph Staff

(06:55 AM UTC)

1 min read

Reviewed byDavid Kim

1028 views

0 comments

The recent streak of outflows from US-based spot Bitcoin ETFs, totaling more than $1 billion over the past trading week, suggests a potential buying opportunity for the world’s largest cryptocurrency, according to crypto sentiment platform Santiment.

“Santiment's analysts read these flows as a counter-indicator, since ETFs disproportionately reflect retail conviction rather than smart money…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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