According to the Glassnode Market Update, Bitcoin has recently fallen from about $74,000 to below $60,000. The decline is not only driven by ongoing outflows from spot ETFs, but also by a clear slowdown in buy orders for corporate digital asset treasuries (DAT). Analysts said that although the related companies as a whole still remain net buyers, their daily purchase size has dropped from multiple times exceeding $500 million earlier this spring to an extremely low level this month, weakening marginal market demand. The report said that since mid-May, cumulative net outflows from US spot Bitcoin ETFs have exceeded $5.72 billion; on Wednesday, 11 funds saw a single-day net outflow of $213.85 million. (CoinDesk)

BTC3.38%
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NightFlightMint
· 2h ago
Waiting for a black swan to create a golden opportunity
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GateUser-26f91b48
· 5h ago
74k drops to 60k, this decline is fierce, DAT's daily average of 500 million has dropped to a very low level, marginal demand has collapsed.
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Yield慢炖锅
· 5h ago
Spring averages over 500 million daily, now extremely low, this gap...
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MosaicBow
· 5h ago
ETF continues to outflow + corporate buying cools down, a double pump mechanism.
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LonelyStoneUnderTheAurora
· 5h ago
5.7 billion flows out, institutions are also fleeing, are retail investors still holding on?
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