In June 2024, the crypto market has seen a significant correction, with leading digital assets like Bitcoin plunging from $71,000 to $64,000. This decline has influenced a broader downward trend across major cryptocurrencies, creating potential opportunities for investors to ‘buy the dip’.
The significant outflow in spot BTC ETFs bolsters the current market selling. Recent data from SpotOnChain, a leading on-chain data tracker, underscores a continued trend of net outflows from Bitcoin ETFs, signaling a cautious stance among investors amid volatile market conditions. As of June 21, 2024, Bitcoin ETFs experienced a significant net outflow of $106 million, contributing to a weekly total outflow of $545 million.
$BTC #ETF Net Inflow June 21, 2024: -$106M!
• The net inflow has been negative for the entire trading week (total outflow: $545M).
• #Grayscale (GBTC) experienced an outflow of $34.2M while #BlackRock (IBIT) had a net flow of $0 yesterday.
• The cumulative total net…
We współpracy z: https://coingape.com/markets/3-cryptocurrencies-to-buy-the-dip-before-exploding-50x/
