Bitcoin has shed $5,000 within days. ETF flows, and derivatives say this selloff could worsen
CoinDesk
Bitcoin faces a potential further decline as institutional ETF outflows, aggressive market selling, and increased hedging demand signal growing investor caution.Summary
Bitcoin has experienced a sharp 6% pullback, dropping from $82,000 to $76,800. Data indicates the selloff may intensify due to three key factors: significant institutional outflows from U.S. spot bitcoin ETFs, a shift toward aggressive market selling in both spot and futures markets as evidenced by negative Cumulative Volume Delta, and increased demand for downside protection in the options market. Analysts warn that if Bitcoin breaks through the $74,000 to $75,000 support levels, the cryptocurrency could face a deeper correction.
(Source：CoinDesk)