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

BTC

BTC/USDT

$84,474.01

+1.32%

$84,474.01

+1.32%

(24s)

24h Volume

$19,069,595,688.14

24h H/L

$84,942.45 / $83,156.00

Change: $1,786.45 (2.15%)

Long/Short

56.7%

Long: 56.7%Short: 43.3%

Funding Rate

+0.0020%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,644.26

▲ 0.28%

Volume (24h): -

Resistance Levels

Resistance 3$99,648.20

Resistance 2$94,549.91

Resistance 1$85,369.74

Price$84,644.26

Support 1$84,364.01

Support 2$81,859.10

Support 3$77,001.87

Pivot (PP):$84,075.87

Trend:Uptrend

RSI (14):66.0

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…