Analyst: Bitcoin ETF funds are still continuously flowing out, but the outflow rate has "significantly slowed down," and selling pressure is depleting.


Analyst: Bitcoin ETF funds are still continuously flowing out, but the outflow rate has "significantly slowed down," and selling pressure is depleting. BlockBeats news, June 11th, the US spot Bitcoin ETF has net outflows of $2.1 billion so far in June, close to the total outflow of $2.4 billion in May. On Wednesday, a single-day net outflow of $214 million indicates the outflow trend is still ongoing.
Next, three things need to be watched: whether related funds continue to enter, whether on-chain trading volume and holdings continue to expand, and whether project teams or regulators provide new confirmation information. A single piece of news can only ignite sentiment; subsequent data will determine whether it can settle into a trend.
Risks should also be considered: since May 10th, the total net assets of the US spot Bitcoin ETF have decreased from $109 billion to $77 billion, a reduction of about $33 billion. During the same period, BTC price dropped from the high of $81,443 on May 10th to a low of $59,353, a decline of approximately 27%.
Adam Haeems, Asset Management Director at Tesseract Group, stated that although ETFs are still in a continuous outflow, the outflow speed has "significantly slowed," and the selling pressure is more like being exhausted rather than increasing.
$btc #etf #On-chain data #监管 #Blockchain
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