BlackRock’s Bitcoin ETF sees record outflow as funds bleed $1.5B in 4 days
BlackRock’s Bitcoin ETF saw a record outflow on Christmas Eve amid a four-trading day outflow streak from US Bitcoin funds.
Auto Added by WPeMatico
BlackRock’s Bitcoin ETF saw a record outflow on Christmas Eve amid a four-trading day outflow streak from US Bitcoin funds.
On Dec. 5, Bitcoin retreated further from the psychologically crucial $100,000 level, briefly dipping below $93,000 and triggering a significant amount of long position liquidations.
While more than 90% of Ether holders are in profit, data shows traders remain cautious about the asset hitting $4,000 anytime soon.
Dogecoin, XRP, Stellar and Sandbox saw a larger liquidation share than usual as some top altcoins from the 2020-2021 cycle soared as high as 50%.
From a fundamental standpoint, Bitcoin is showing no signs of the asset overheating, according to Galaxy’s head of research.
A crypto analyst is eyeing Ether’s funding rate rising above 0.015 to see if “the calm before the storm breaks.”
Bitcoin sunk to under $50,000 at the start of US trading on Aug. 5, prompting a huge spike in trading volumes of crypto-related ETFs.
US President Joe Biden’s withdrawal from the 2024 presidential race led to a sharp crypto dip followed by a near-immediate correction, leading to huge liquidations.
XRP has surged 35% this week and some traders are anticipating a breakout moment, pointing to a long-term trend they’ve been observing on the price […]
Bitcoin may be gearing up to move above $70,000 now it has reclaimed a critical level that traders have been closely watching for the past […]
