Bitcoin underperforms risk assets as record 9th day of ETF outflows signal waning demand
Hex37's read
- Bitcoin sees 9th consecutive day of ETF outflows.
- This marks a sustained period of decreased investor demand.
- Bitcoin is underperforming other risk assets.
What it means for traders
- Sustained ETF outflows suggest potential downward pressure on BTC price.
- Consider shorting BTCUSDT or looking for opportunities in outperforming assets.
Affected markets
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