Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
The cryptocurrency market has experienced significant outflows for the third consecutive week, totaling $435 million, with Bitcoin and Ethereum seeing the largest withdrawals. Bitcoin faced outflows of $423 million, while Ethereum saw $38 million withdrawn. In contrast, altcoins such as Solana, Litecoin, and Chainlink recorded inflows of $4 million, $3 million, and $2.8 million, respectively. This period marks Bitcoin's worst month since 2022, exacerbated by the fading enthusiasm around ETFs. Notably, the Grayscale Bitcoin Trust accounted for $440 million of the outflows in the week ended April 26.
As #Bitcoin continues consolidating, we investigate which cohort of investors are contributing the most to sell-side activity. We also use our new Breakdown metric suite to build a set of rules for tracking local market lows during corrections. Discover more in the latest Week… https://t.co/1N5XHGlIoq
Bitcoin is registering its worst month since the collapse of Sam Bankman-Fried’s FTX empire as the euphoria around ETFs subsides https://t.co/u11tdkZJhD
$BTC Mostly seeing perp bid here, mostly longs continuing to open here shorts still holding Spot CVD declining vs price chopping here, need to see more conclusive evidence of absorption around the lows https://t.co/4enl5QKmvi