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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

$65,069.98

+1.42%

$65,069.98

+1.42%

(24s)

24h Volume

$13,495,167,406.50

24h H/L

$65,222.45 / $63,270.00

Change: $1,952.45 (3.09%)

Long/Short

60.8%

Long: 60.8%Short: 39.2%

Funding Rate

+0.0064%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,770.25

▲ 2.30%

Volume (24h): -

Resistance Levels

Resistance 3$70,990.46

Resistance 2$67,292.15

Resistance 1$65,875.55

Price$64,770.25

Support 1$64,268.88

Support 2$62,212.35

Support 3$59,130.91

Pivot (PP):$64,330.97

Trend:Downtrend

RSI (14):43.9

Cointelegraph Staff

(10:50 AM UTC)

1 min read

Approved byEmily Watson

572 views

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…

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

Cointelegraph Staff · Cointelegraph

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