According to Wintermute, last week, U.S. equities hit new highs, while BTC and ETH experienced minor pullbacks: BTC fell approximately 1.5% to around $76,600, and ETH declined about 1.7%. Over the past two weeks, spot BTC ETFs have seen cumulative net outflows exceeding $2 billion, and the institutional buying that recently pushed BTC to $80,000 has clearly subsided, with ETH/BTC dropping to a 10-month low. U.S. equities continued to rise, supported by falling oil prices and declining Treasury yields; Nvidia’s post-market reaction following its earnings report was muted, suggesting the AI sector may already be “perfectly priced.” Wintermute noted that the $75,000 to $76,000 range has become a key support level for BTC.
BTC Spot ETFs Experience Over $2 Billion in Net Outflows Over Two Weeks
AiCoinShare
Summary
BTC price dropped 1.5% last week to around $76,600 as spot ETFs experienced over $2 billion in net outflows over two weeks. ETH fell 1.7%, and BTC dominance rose slightly during the pullback. Institutional buying that drove BTC to $80,000 has subsided, with the ETH/BTC ratio reaching a 10-month low.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.