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via Cointelegraph · By Cointelegraph Staff

Spot Bitcoin ETFs See Record 10-Day Outflow Streak, Analyst Calls It ‘Contrarian Indicator’

BTC

BTC/USDT

$84,319.98

-0.04%

$84,319.98

-0.04%

(24s)

24h Volume

$15,135,336,729.47

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.3%

Long: 58.3%Short: 41.8%

Funding Rate

+0.0010%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,056.77

▼ -0.05%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,123.41

Price$84,056.77

Support 1$84,021.79

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):64.1

Cointelegraph Staff

(10:50 AM UTC)

1 min read

Approved byEmily Watson

0 comments

Spot Bitcoin exchange-traded funds (ETFs) have logged outflows for ten consecutive trading days, with total net redemptions exceeding $2.97 billion since May 15, a streak that one analyst says may signal a market bottom is near.

According to data from SoSoValue, daily outflows ranged from $70 million to $733 million across the period, with the steepest single-day exodus recorded on Wednesday at…

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Source

Cointelegraph Staff · Cointelegraph

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