🚨 JUST IN: MONEY FLOW OUT OF BITCOIN ETF TODAY
📉 Today, investor BlackRock sold ~$201.5M Bitcoin ETF — the largest capital withdrawal in nearly 2 months. $BTC
Overall market:
• Spot Bitcoin ETFs recorded ~$225.5M outflow during the day
• Weekly cash flow turned negative: -$296.18M
• This is the first week in March with negative cash flow $SIREN
The developments indicate that capital flow is slowing down, as the market begins to be more cautious after a strong uptrend. $RIVER