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

BTC

BTC/USDT

$75,000.00

+7.89%

$75,000.00

+7.89%

(24s)

24h Volume

$39,060,100,763.96

24h H/L

$75,785.82 / $69,336.97

Change: $6,448.85 (9.30%)

Long/Short

52.3%

Long: 52.3%Short: 47.7%

Funding Rate

+0.0038%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$74,763.10

▲ 2.38%

Volume (24h): -

Resistance Levels

Resistance 3$78,568.57

Resistance 2$76,859.07

Resistance 1$75,785.82

Price$74,763.10

Support 1$73,884.38

Support 2$72,789.19

Support 3$70,151.58

Pivot (PP):$71,775.79

Trend:Uptrend

RSI (14):82.6

Decrypt Editorial

(11:55 AM UTC)

1 min read

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…