Bitcoin’s 12-day ETF outflows, derivatives data and the crypto market in tandem trading with tech stocks suggest traders will continue to cut exposure to risk assets. Key takeaways: Heavy outflows from Bitcoin exchange-traded funds and massive liquidations show that the market is purging highly leveraged buyers. Bitcoin options metrics reveal that pro traders are hedging for further price drops amid a tech stock sell-off. Read more
Historical data outlined an interesting correlation between Bitcoin and spot BTC ETFs inflows, with whale activity reflecting reserved profit-taking. Key takeaways: Spot Bitcoin ETF inflows dropped over 90% from $3 billion to $228 million in four weeks. While strong ETF inflows often drive Bitcoin rallies, recent data shows price movements can occur independently. Read more