Crypto

Bitcoin ETFs Shed $649M in a Day as Long-Term BTC Holders ‘Limit Downside Potential’

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In brief

  • Bitcoin ETFs saw $648 million in outflows Monday, led by BlackRock’s IBIT with $448 million.
  • Long-term Bitcoin holders have accumulated BTC for months, limiting downside, Decrypt was told.
  • Bitcoin funding rates flip positive after a multi-month negative streak despite a 6,7% price…

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