According to Glassnode Market Update, Bitcoin recently fell from about $74k to below $60k, not only dragged down by ongoing outflows from spot ETFs, but also with the buy-side activity of corporate digital asset treasuries (DAT) noticeably cooling down. Analysts stated that although the overall related companies remain net buyers, the average daily purchase volume has decreased from over $500 million multiple times this spring to a very low level this month, weakening marginal market demand. The report said that since mid-May, U.S. spot Bitcoin ETFs have experienced net outflows totaling over $5.72 billion, with 11 funds recording a single-day net outflow of $213.85 million on Wednesday. (CoinDesk)

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