Massive US Spot Bitcoin ETF Outflows Shake Market Momentum
Massive US spot Bitcoin ETF outflows are shaking market momentum. After attracting $3.29 billion in March and April, these funds have reversed course, with a significant single-day net outflow of $635 million on Wednesday—the largest since late January. Over the past five trading days, outflows totaled $1.26 billion, reducing cumulative net inflows since January 2024 to $58.5 billion.
This shift coincides with a stalled Bitcoin rally. After climbing from $65,000 to over $80,000, the price has halted near a key technical resistance and fell 2% to around $79,400 in 24 hours. Analysts link this to renewed U.S. inflation fears, which contrast with record highs in major stock indices. The substantial ETF outflows, against a deteriorating macroeconomic backdrop, present a concern for bullish investors, highlighting the ongoing complex relationship between fund flows and Bitcoin's price.
TheNewsCrypto2 days ago 12:11