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Spot bitcoin exchange-traded funds (ETFs) lost $56 million on Wednesday, breaking an eight-day streak that saw nearly $3 billion flow into these U.S.-listed products.

Markets have been generally range-bound in the past week, setting the course for what could be an explosive move higher, some say.

“Such long consolidations usually accumulate strength for further movement. The next major trigger is likely to be Friday’s labour market data,” Alex Kuptsikevich, FxPro chief market analyst, told CoinDesk in an email.