Bitcoin Spot ETF Ends Five Consecutive Days of Outflows Prior to Halving, Bitcoin Remains Stable
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Bitcoin Spot ETF Ends Five Consecutive Days of Outflows
Bitcoin Retraces Nearly 20% from Its Peak
No Significant Volatility After Bitcoin Halving
Bitcoin Spot ETF Ends Five Consecutive Days of Outflows
SoSo Value
Data shows that the Bitcoin Spot ETF has ended five consecutive days of outflows since the 12th, with a net inflow of $59.56 million on April 19th.
The data for various ETFs on April 19th is as follows:
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Grayscale GBTC: -$45.8 million
BlackRock IBIT: $29.3 million
Fidelity FBTC: $54.8 million
VanEck’s HODL: -$1.8 million net outflow
Bitcoin Spot ETF Flow
Bitcoin Retraces Nearly 20% from Its Peak
Bitcoin has been fluctuating in the range of $60K to $65K recently, and has dropped below $60,000 three times since March. The maximum retracement from its all-time high of $73,787 is approximately 19.24%.
3/5: $59,000
4/13: $60,000
4/17: $59,632
4/19: $59,587
BTC/USDT|OKX
No Significant Volatility After Bitcoin Halving
The drop on April 13th mainly occurred during the attack by Iran on Israel, and on the 19th, news broke of Israel retaliating against Iran, but the price quickly rebounded to the $65K level.
There was no significant volatility after the Bitcoin halving. Related news includes:
Bitcoin’s fourth halving completed, block rewards officially reduced to 3.125BTC
Bitcoin price plummeted to $60K due to Iran’s drone attack on Israel
Israel ignores advice, Middle East conflict reignites! Bitcoin quickly drops to $60K
Bitcoin falls to $66K, market liquidation of $900 million! Analyst: Miners sell $5 billion worth of inventory, future six months will be sluggish
GBTC
Bitcoin Spot ETF
Outflows
Halving
Further Reading
Bitcoin ETF Sees Third Largest Outflow, BTC Maintains $70,000 Level
Bitcoin ETF GBTC Sees $300 Million Outflow, Bitcoin briefly falls below $66K