Bitcoin ETFs See $650 Million Outflow as Long-Term Holders Support Price
— Decrypt
Bitcoin ETFs saw large outflows, yet long-term holders' buying limits price drops.
Bitcoin spot ETFs recorded $648 million outflows Monday, while long-term holders continue accumulating BTC.
- Bitcoin spot ETFs had a $648 million outflow in one day.
- Long-term Bitcoin holders maintain accumulation.
- ETF outflows may pressure price short-term; long-term holdings limit downside.
ETF outflows can create short-term selling pressure on Bitcoin, but accumulation by long-term holders helps cap significant price declines.