✉news BusinessCrypto first seen 1 d ago, last 1 d ago, peak #25
Bitcoin ETFs and funds see heavy outflows this week
Original: 1D NetFlow: -3,412 $Bitcoin (BTC.CC)$ (-$282.91M)🔴 7D NetFlow: -6,747 $Bitcoin (BTC.CC)$ (-$559.35M)🔴
Bitcoin exchange-traded products recorded net outflows of 3,412 BTC (about $282.9 million) over the past day and 6,747 BTC (roughly $559.4 million) over the past week, according to netflow figures circulating in market commentary. Traders are watching the sustained negative flows as a sign of weakening institutional demand and potential short-term pressure on bitcoin's price.
Why now: Large sustained outflows from bitcoin funds are being read as a bearish signal for the cryptocurrency's near-term price.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1620181