Bitcoin spot ETFs have now recorded net outflows in 17 of the last 19 days, with investors pulling a combined $5.6 billion from the products during that stretch. Taking Stock Of The Damage The numbers have pushed year-to-date flows for US-traded Bitcoin ETFs into negative territory, landing at negative $2.17 billion. Bloomberg ETF analyst James Seyffart put the 13-day outflow streak in sharper relief, reporting that roughly $4.4 billion worth of Bitcoin was sold through those products over the past month alone. Related Reading: XRP Dips In The Short Run, But A Bigger Setup May Be Forming: Analyst Since May 14, Bitcoin has fallen about 20%, dropping from $82,040 to around $64,000. The slide accelerated after Strategy, the business intelligence firm led by executive chairman Michael Saylor, disclosed it had sold 32 BTC for approximately $2.5 million — a small fraction of its total holdings, but enough to rattle sentiment across the broader market. Capital markets are funding the AI build
Grayscale’s head of research says Strategy’s leveraged business model has come under pressure, and that pressure could make it harder for the company to keep adding Bitcoin to its holdings. Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum Accumulation Strategy A Dividend Problem Taking Shape Zach Pandl made the assessment Thursday after Strategy sold 32 Bitcoin — a tiny slice of its 843,706 BTC stockpile — triggering a wave of selling that has knocked Bitcoin down 16% since the transaction. Strategy also offloaded $128 million in shares, and its stock has dropped nearly 13% to a two-month low of $126. At the center of the concern is STRC, a variable-rate preferred equity instrument that Strategy designed to trade at $100 per share and pay an 11.5% dividend. It is now trading around $95 — below the target price — a sign that investors are demanding a higher return than the instrument currently offers. If Strategy responds by raising the dividend to pull STRC back to par
Bitcoin remains under heavy selling pressure after crashing below multiple key support levels in quick succession. The recent rejection from the descending 200-day moving average triggered a sharp sell-off that invalidated the previous rising channel structure and pushed BTC back toward a major demand zone around $60K. Meanwhile, on-chain data suggests market participants are increasingly […]
Bitcoin's sharp decline highlights market volatility, influencing investor sentiment and potentially impacting future institutional involvement.
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Bitcoin has spent the better part of the past several weeks delivering a painful lesson to bulls. The largest cryptocurrency by market capitalization has shed more than 22% over the past month, slicing through support levels that many traders had considered established. Bitcoin is still trapped below a descending trendline, and the current structure still favors sellers unless price can reclaim important resistance levels. However, technical analysis projection leaves room for a recovery move if Bitcoin breaks out of the bearish trend and starts building momentum above confirmation levels. Bitcoin Inside A Bearish 4-Hour Structure Bitcoin’s 4-hour chart shows price action moving inside a bearish structure, with lower highs and lower lows forming under a descending resistance line since the swing high above $82,800 in May. The rejection from that swing high has now pushed Bitcoin below a weak low / liquidity sweep at $66,000, and the chart’s break of structure and change of character la
The Federal Open Market Committee (FOMC) meeting is held eight times a year, and just like with any financial market, the outcome of each meeting has implications for the likes of Bitcoin. The announcement that follows the FOMC meeting reveals whether interest rates have been changed or if they’re staying the same. Now, another FOMC […]
