ETF Outflows And Spot Selling Test Bitcoin’s Recovery
Bitcoin has recovered into the $77,000-$80,000 support band after a brief election-night dip below the short-term holder cost basis. US spot bitcoin exchange-traded funds (ETFs) have recorded $1.16 billion of net outflows over three sessions, and derivatives positioning has driven the bounce so far. Friday’s non-farm payrolls reading is the next test of whether spot demand returns. The post ETF Outflows And Spot Selling Test Bitcoin’s Recovery appeared first on Bitfinex blog.
ETF Outflows And Spot Selling Test Bitcoin’s Recovery
Bitcoin has recovered into the $77,000-$80,000 support band after a brief election-night dip below the short-term holder cost basis. US spot bitcoin exchange-traded funds (ETFs) have recorded $1.16 billion of net outflows over three sessions, and derivatives positioning has driven the bounce so far. Friday’s non-farm payrolls reading is the next test of whether spot demand returns. The post ETF Outflows And Spot Selling Test Bitcoin’s Recovery appeared first on Bitfinex blog.
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