Spot bitcoin ETFs continue outflow streak amid $1.3 billion IBIT whale trade
Hex37's read
- Bitcoin ETFs experienced $334M in net outflows on Tuesday.
- BlackRock's IBIT saw $192M in outflows, a significant portion.
- This marks a continuation of recent outflow trends for spot Bitcoin ETFs.
What it means for traders
- Continued outflows suggest potential short-term bearish pressure on BTC.
- Monitor IBIT's performance closely as it's a major driver of ETF flows.
Affected markets
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