Close Menu
    What's Hot

    Strategy Increases Bitcoin Holdings in Response to Price and Stock Appreciation

    Aug. 11, 2025

    El Salvador Allows Major Banks to Provide Bitcoin Services to High-Net-Worth Clients

    Aug. 10, 2025

    Bitmine Aims for 5% of Ethereum Supply in Ambitious Accumulation Strategy

    Aug. 10, 2025
    Facebook X (Twitter) Instagram
    X (Twitter) Telegram
    Chain Tech CatcherChain Tech Catcher
    Subscribe
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano
    • All Posts
    Chain Tech CatcherChain Tech Catcher
    Home » 545 Billion Exit from Bitcoin ETF How Far Can the Price Go
    Bitcoin

    545 Billion Exit from Bitcoin ETF How Far Can the Price Go

    By adminJun. 22, 2024No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    545 Billion Exit from Bitcoin ETF How Far Can the Price Go
    545 Billion Exit from Bitcoin ETF How Far Can the Price Go
    Share
    Facebook Twitter LinkedIn Pinterest Email

    According to the latest data from Farside, the US Bitcoin ETF saw a outflow of $54.5 billion this week, indicating a growing cautiousness among investors. These outflows highlight the prevailing bearish sentiment in the market. The withdrawals occurred over the past week, with the lowest single-day outflow of $10.59 billion on Friday, October 5th. The largest outflows on Friday were from Fidelity’s FBTC, with $4.48 million, followed by Grayscale’s GBTC and ARK 21Shares Bitcoin ETF (ARKB), with outflows of $3.42 million and $2.88 million respectively.

    The potential for BTC to drop below $60,000
    The significant outflows from Bitcoin ETFs, coupled with weak trading activity, have sparked speculation of a potential price decline. Noted cryptocurrency analyst Ali Martinez pointed out that Bitcoin has fallen below the +0.5σ MVRV price range of $67,890, which could trigger a correction to $54,930.

    The MVRV is an indicator that measures the ratio between the market value and realized value of an asset, showing the changing correlation over time.

    The large outflows from ETFs and the sluggish market performance have intensified investor concerns. Despite the possibility of temporary declines in the market, some analysts remain optimistic about the long-term potential of Bitcoin, expecting it to recover and continue to rise after this period of volatility.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous Article2 Artificial Intelligence Cryptocurrencies with Significant Profit Potential
    Next Article Crypto and the Fed How Interest Rates Can Impact the Market

    Related Posts

    Strategy Increases Bitcoin Holdings in Response to Price and Stock Appreciation

    Aug. 11, 2025

    Harvard’s Investment in Bitcoin Exceeds Gold in Recent Portfolio Adjustment

    Aug. 9, 2025

    Bitcoin Market Shows Signs of Cooling in Week 32 as Liquidity Diminishes and Sellers Lose Momentum

    Aug. 6, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025126 Views

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 202513 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views
    Don't Miss

    Strategy Increases Bitcoin Holdings in Response to Price and Stock Appreciation

    Bitcoin Aug. 11, 2025

    Michael Saylor’s Strategy has once again increased its Bitcoin reserves, adding a smaller but nota…

    El Salvador Allows Major Banks to Provide Bitcoin Services to High-Net-Worth Clients

    Aug. 10, 2025

    Bitmine Aims for 5% of Ethereum Supply in Ambitious Accumulation Strategy

    Aug. 10, 2025

    SUI Targets $7 as Support Level Remains Strong

    Aug. 10, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    About Us
    About Us

    Keep up with blockchain through Chain Tech Catcher. Gain insights on crypto, DApps, & innovations. Stay informed in this evolving landscape!

    X (Twitter) Telegram
    Most Popular

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025126 Views

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 202513 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views
    © 2025 Chain Tech Catcher All rights reserved.
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano

    Type above and press Enter to search. Press Esc to cancel.