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via Decrypt · By Decrypt Editorial

Bitcoin ETFs Shed $649M in a Day as Long-Term BTC Holders ‘Limit Downside Potential’

BTC

BTC/USDT

$62,980.00

-1.75%

$62,980.00

-1.75%

(24s)

24h Volume

$18,213,908,989.97

24h H/L

$64,275.38 / $61,938.00

Change: $2,337.38 (3.77%)

Long/Short

68.3%

Long: 68.3%Short: 31.7%

Funding Rate

+0.0015%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,836.00

▲ 0.16%

Volume (24h): -

Resistance Levels

Resistance 3$65,584.14

Resistance 2$64,241.09

Resistance 1$62,998.21

Price$62,836.00

Support 1$61,886.44

Support 2$60,560.52

Support 3$59,130.91

Pivot (PP):$62,832.25

Trend:Downtrend

RSI (14):37.8

Decrypt Editorial

(11:55 AM UTC)

1 min read

Updated byMichael Roberts

1468 views

0 comments

In brief

Bitcoin ETFs saw $648 million in outflows Monday, led by BlackRock’s IBIT with $448 million.
Long-term Bitcoin holders have accumulated BTC for months, limiting downside, Decrypt was told.
Bitcoin funding rates flip positive after a multi-month negative streak despite a 6,7% price drop.

Spot Bitcoin ETFs are taking a beating, shedding another $648.64 million on Monday following last…

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

Decrypt Editorial · Decrypt

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