Bitcoin ETFs shed $773M in 2 days – Yet onchain BTC signals suggest…
Image: AMBCrypto
On the 22nd and 23rd of October, Bitcoin [BTC] spot ETF outflows totaled $773.5 million. On these two days, the leading crypto shed 3.45% on the price charts and has continued to post losses heading into the weekend. While spot ETFs saw net negative flows for the week from 20th to 23rd October, the whale holdings metric appeared to shift in the other direction. Analyst CW8900 reported that the Bitcoin 1-year change in whale holdings indicator was nearing positive territory. The selling pressure from whale distribution has been in decline since July, and the change in BTC holdings has climbed from -282k BTC to -39k BTC. In less than three months, whales have bought 243k BTC, the analyst observed.
Read the full story on AMBCryptoBeCrypto News shows a short excerpt and links to the publisher. The full report belongs to AMBCrypto.
