What BTC ETFs second-highest weekly outflows of 2022 hint at - BitcoinEthereumNews.com
Weekly net flows marked the highest outflows for the second time this week | स्रोत: CoinShares But unlike always, the outflows were not distributed amongst other assets. Instead, this time, Bitcoin was solely responsible for 97.7% of the outflows observed. This is because rather than altcoin-based investment products, ETFs, took a hit this week. Following this, the price of the king coin plummeted. Bitcoin ETFs marked high outflows this week | स्रोत: CoinShares For the most part of this year, it was Ethereum that led the outflow parade week-on-week, whereas Bitcoin used to register inflows mainly. Even last week, BTC had the highest inflows of all the assets at $144 million. This makes sense as the market suddenly took a turn for the worse in a week. Consequently, Bitcoin ended up below $40k on 12 April. Although at press time, BTC was above that level. It was trading at $40,158. However, this still does not rule out the possibility of another drop. बिटकॉइन की कीमत कार्रवाई | स्रोत: ट्रेडिंग व्यू – AMBCrypto Furthermore, for the last seven days, the king coin has realized losses worth over $713 million. It is bound to affect the confidence of retail investors. Bitcoin net realized losses | स्रोत: ग्लासनोड - AMBCrypto Moreover, as per