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via The Block · By The Block Editorial

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

BTC

BTC/USDT

$61,374.04

-2.23%

$61,374.04

-2.23%

(24s)

24h Volume

$27,730,766,249.23

24h H/L

$63,239.06 / $59,102.70

Change: $4,136.36 (7.00%)

Long/Short

71.0%

Long: 71.0%Short: 29.0%

Funding Rate

-0.0008%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$60,884.00

▼ -0.32%

Volume (24h): -

Resistance Levels

Resistance 3$64,268.35

Resistance 2$62,842.09

Resistance 1$61,045.41

Price$60,884.00

Support 1$60,292.59

Support 2$59,102.70

Support 3$52,643.43

Pivot (PP):$60,910.70

Trend:Downtrend

RSI (14):32.9

The Block Editorial

(11:02 AM UTC)

1 min read

Reviewed byDavid Kim

1084 views

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…

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

The Block Editorial · The Block

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