โ ๏ธ MARKET ALERT !!!
ETF BITCOIN NET WITHDRAWAL OF 214 MILLION USD ON 6/10 โ ETH ETF ALSO LOST 35.6 MILLION USD ๐ฅ๐ก๐
According to SoSoValue, on 6/10 (US time), spot Bitcoin ETFs recorded a total net withdrawal of 214 million USD โ the heaviest outflow in this cycle ๐
Grayscale Bitcoin Mini Trust ETF BTC is a rare bright spot with a net inflow of 17.52 million USD โ while the rest of the BTC ETF market is facing heavy sell pressure ๐ฐ
Ethereum ETF didn't escape either: total net withdrawal of 35.59 million USD. BlackRock ETHB led the inflow with 1.68 million USD โ not enough to offset the wave of withdrawals ๐
Three consecutive days of withdrawals, peaking at 214 million USD in one day โ institutions are clearly reducing exposure to crypto amidst high CPI and geopolitical tensions ๐ฏ
ETF cash flow is a crucial leading indicator. If the net withdrawal trend continues into next week, the BTC support level at 60K will be seriously tested. Not investment advice.
#BitcoinETF #EthereumETF #InstitutionalFlow
$BTC $ETH $FIGHT
ETF BITCOIN NET WITHDRAWAL OF 214 MILLION USD ON 6/10 โ ETH ETF ALSO LOST 35.6 MILLION USD ๐ฅ๐ก๐
According to SoSoValue, on 6/10 (US time), spot Bitcoin ETFs recorded a total net withdrawal of 214 million USD โ the heaviest outflow in this cycle ๐
Grayscale Bitcoin Mini Trust ETF BTC is a rare bright spot with a net inflow of 17.52 million USD โ while the rest of the BTC ETF market is facing heavy sell pressure ๐ฐ
Ethereum ETF didn't escape either: total net withdrawal of 35.59 million USD. BlackRock ETHB led the inflow with 1.68 million USD โ not enough to offset the wave of withdrawals ๐
Three consecutive days of withdrawals, peaking at 214 million USD in one day โ institutions are clearly reducing exposure to crypto amidst high CPI and geopolitical tensions ๐ฏ
ETF cash flow is a crucial leading indicator. If the net withdrawal trend continues into next week, the BTC support level at 60K will be seriously tested. Not investment advice.
#BitcoinETF #EthereumETF #InstitutionalFlow
$BTC $ETH $FIGHT