Bitcoin

Momentum

<ul class="news-points">
 <li><strong>BlackRock’s inflows were worth $49.28 million while Grayscale’s outflows were higher at $386 million.</strong></li>
 <li><strong>The EMA indicated a death cross but bulls might try to push the price above $70,000.</strong></li>
 <li><strong>BTC contract liquidation hit $317.55 million, and aggressive short positions might drag the price down.</strong></li>
</ul>
<p>For the second day in a row, spot <a href="https://coinedition.com/bitcoins-bullish-sentiment-is-close-to-exhaustion-crypto-analyst/" rel="noopener noreferrer nofollow">Bitcoin (BTC</a>) ETFs hit a negative flow. According to the financial research platform ‘SosoValue’, Grayscale’s ETF GBTC witnessed an incredible outflow of $386 million on March 20. A day earlier, the same ETF registered $443 million in outflows as Bitcoin’s selling pressure intensified.</p>
<h3 class="wp-block-heading" id="h-etfs-have-stepped-back-nbsp"><strong>ETFs Have Stepped Back&nbsp;</strong></h3>
<p>On the same day, other ETFs failed to make a mark or cover for the outflow. SoSo Value data, shared by reported WuBlockchain, showed that BlackRock’s IBIT had the biggest inflow, which was worth $49.28.</p>
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   <p lang="en" dir="ltr">According to SoSoValue data, on March 20, the total net outflow of Bitcoin spot ETFs was $261 million, marking three consecutive days of net outflows. <br><br>The ETF GBTC had a single-day net outflow of $386 million, with GBTC's total historical net outflow reaching $13.27 billion.… <a href="https://t.co/8yAN4N917x" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/8yAN4N917x</a></p>— Wu Blockch…
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<p>The post <a href="https://coinedition.com/bitcoin-etfs-momentum-decline-as-blackrocks-inflow-drops/" rel="noopener noreferrer nofollow">Bitcoin ETFs Momentum Decline as BlackRocks’ Inflow Drops</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin ETFs Momentum Decline as BlackRocks’ Inflow Drops

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