'Rally without conviction': Bitcoin ETFs see $630M in outflows as corporate treasury demand drops and resistance builds

BTC

BTC/USDT

$79,714.28

-0.11%

$79,714.28

-0.11%

(24s)

24h Volume

$8,053,383,822.26

24h H/L

$80,200.00 / $79,233.00

Change: $967.00 (1.22%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0022%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,711.92

▼ -0.15%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$79,878.00

Price$79,711.92

Support 1$79,635.96

Support 2$73,033.65

Support 3$70,930.00

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.3

The Block Editorial

(11:02 AM UTC)

1 min read

Reviewed byDavid Kim

0 comments

Bitcoin exchange-traded funds recorded the steepest single-day outflow since mid-February, as analysts say institutional participants appear to be treating BTC’s recent recovery as a liquidation window rather than an accumulation opportunity.

BlackRock's IBIT led the exodus with $284.7 million out of a total $630.4 million in net outflows on Wednesday, according to data compiled by The Block.

U.S…