Bitcoin News
By Pankaj K
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After six consecutive weeks of inflows, U.S. spot Bitcoin exchange-traded funds (ETFs) have recorded a weekly outflow of $157 million.
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Since mid-April, Bitcoin ETFs have attracted over $9.6 billion in inflows, supporting a strong recovery in BTC’s price from $84,000 to just above $110,000.
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The drop in investor sentiment appears tied to mounting trade tensions between the U.S. and China.
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CoinShares’ Head of Research, James Butterfill, noted that investor enthusiasm started off strong last week but quickly faded following legal and political developments related…
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The most significant outflows came from ETFs managed by Ark 21Shares and Fidelity, two of the leading providers of Bitcoin investment products.
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QCP Capital, a Singapore-based crypto trading firm, offered a broader macro perspective on the market outlook.
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In their report, QCP also emphasized declining volatility in the near term. Metrics like perpetual funding rates and risk reversals are showing signs of normalization, suggesting…
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Meanwhile, blockchain analytics platform Glassnode has provided additional insights into investor behavior.
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At the moment, the market appears to be in a state of cautious optimism. Data indicates that new buyer interest remains strong, while existing holders are not aggressively…
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The current phase for Bitcoin is likely to be one of consolidation, with the market weighing geopolitical risks against long-term bullish fundamentals.
The Currency Analytics
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