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

BTC

BTC/USDT

$63,112.05

+0.11%

$63,112.05

+0.11%

(24s)

24h Volume

$2,114,349,657.36

24h H/L

$63,175.00 / $62,968.45

Change: $206.55 (0.33%)

Long/Short

68.1%

Long: 68.1%Short: 31.9%

Funding Rate

+0.0034%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,100.89

▲ 0.02%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,879.31

Resistance 1$63,135.87

Price$63,100.89

Support 1$62,993.17

Support 2$61,814.38

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.3

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…