Tag: News

Bitcoin ETFs Suffer Biggest Outflows Since January as May Turns Red

Bitcoin’s price calamity is not isolated, as, aside from all other macro and on-chain reasons, the exchange-traded funds tracking the asset’s performance experienced their worst weekly outflows since late January. In fact, data from SoSoValue shows that May has turned red following two consecutive weeks of massive outflows. Over...
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Bitcoin Bottom May Be 2 Months Away, On-Chain Data Suggests

Over the past week, Bitcoin has traded sideways in the high $70,000 region, unable to reclaim the psychological $82,000 level that has eluded market bulls since mid-May. Notably, the $76,000 price level has now been tested three weeks in a row and held each time, emerging as a real...
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