Bitcoin has been experiencing significant outflows from exchange-traded funds (ETFs), with net outflows now reaching a 4-day streak totaling $1.8 billion. According to JP Morgan, Bitcoin is currently overbought, and the selloff is likely driven by the inflows and outflows of Bitcoin ETFs. As ETFs restructure, they continue to impact Bitcoin's price position substantially.
Bitcoin ETF Inflows Plummet + Altcoin Technical Analysis
Bitcoin ETF Inflows Plummet + Altcoin…
Bitcoin ETF Inflows Plummet + Altcoin Technical Analysis
Bitcoin has been experiencing significant outflows from exchange-traded funds (ETFs), with net outflows now reaching a 4-day streak totaling $1.8 billion. According to JP Morgan, Bitcoin is currently overbought, and the selloff is likely driven by the inflows and outflows of Bitcoin ETFs. As ETFs restructure, they continue to impact Bitcoin's price position substantially.