Summary
- It was reported that the 10-day consecutive inflow streak in the U.S. Bitcoin spot ETF has ended.
- $93.16 million was withdrawn from Fidelity's FBTC, indicating a short-term adjustment in market investment sentiment.
- The price of Bitcoin is trading at around $84,250 on the Binance Tether market, down 3.4% from the previous day.
The U.S. Bitcoin (BTC) spot Exchange-Traded Fund (ETF) ended its 10-day consecutive inflow streak.
According to TraderT on the 28th (local time), a total of $93.16 million was withdrawn from the U.S. Bitcoin spot ETF market on that day. There was no fund movement in BlackRock's 'IBIT' and Grayscale's 'BTC', but $93.16 million was solely withdrawn from Fidelity's FBTC.
This marks the end of the 10-day inflow streak, interpreted as a signal of short-term adjustment in market investment sentiment.
Meanwhile, as of 10:56 AM on the 29th, Bitcoin is trading at around $84,250 on the Binance Tether (USDT) market, down 3.4% from the previous day.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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