Bitcoin Long-Term Holder Sell $1.2B in Two Weeks as ETF Netflows Turn Negative

Quick Summary:

Recent data from CryptoQuant revealed that the Bitcoin market has witnessed significant activity, with long-term holder whales offloading $1.2 billion worth of Bitcoin in the past two weeks.  Notably, this massive sell-off aligns with negative netflows observed in Bitcoin ETFs over the same timeframe.

This trend in ETFs further underscores the current bearish sentiment in the market, as investors seem to be pulling out funds rather than investing more.

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Article Details

Author / Journalist: Mustafa Mulla

Category: Crypto

Markets: United States

Topics: Market Long-term Crypto Weeks Been Sell Holder Bitcoin Brokers Whales Etfs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-19 @ 15:45:49 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 330 words

Reading Time: 2 minutes read

Sentences: 31 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 21314506

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