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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

$63,025.39

+0.06%

$63,025.39

+0.06%

(24s)

24h Volume

$2,180,568,622.19

24h H/L

$63,175.00 / $62,946.58

Change: $228.42 (0.36%)

Long/Short

68.0%

Long: 68.0%Short: 32.0%

Funding Rate

+0.0034%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,987.62

▼ -0.16%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,879.31

Resistance 1$63,135.87

Price$62,987.62

Support 1$62,882.63

Support 2$61,354.99

Support 3$57,800.19

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):42.5

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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Cointelegraph Staff · Cointelegraph

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