Bitcoin ETF Ends Five-Day Outflow, Maintains 64K Level After Halving
Bitcoin spot ETF ends five days of outflows before Bitcoin halving, and there is no significant volatility after the halving. The price is around $64,172 before the deadline.
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Bitcoin spot ETF ends five days of outflows
Bitcoin retraces nearly 20% from its high
No major fluctuations after Bitcoin halving
Bitcoin spot ETF ends five days of outflows
SoSo Value
Data shows that Bitcoin spot ETF ended five days of outflows since the 12th, with a net inflow of $59.56 million on April 19.
The data of various ETFs on April 19 are as follows:
Grayscale GBTC: -$45.8 million
BlackRock IBIT: $29.3 million
Fidelity FBTC: $54.8 million
VanEck’s HODL also had a net outflow of -$1.8 million.
Bitcoin spot ETF flow
Bitcoin retraces nearly 20% from its high
Bitcoin has been fluctuating between $60,000 and $65,000 recently, falling below $60,000 three times since March. The maximum retracement from its all-time high of $73,787 is about 19.24%.
3/5: $59,000
4/13: $60,000
4/17: $59,632
4/19: $59,587
BTC/USDT|OKX
No major fluctuations after Bitcoin halving
The decline on April 13 mainly occurred during the attack by Iran on Israel. On the 19th, news of Israel’s counterattack against Iran caused a rebound to the $65,000 level.
There is no significant volatility after Bitcoin halving, and related news is as follows:
Bitcoin undergoes its fourth halving, block rewards officially reduced to 3.125 BTC
Bitcoin price plummets to $60,000 due to Iran’s drone attack on Israel
Israel ignores advice, Middle East conflict reignites! Bitcoin quickly drops to $60,000
Bitcoin drops to $66,000, market liquidations of $900 million! Analyst: Miners sell $500 million worth of inventory, next six months will be sluggish
GBTC
Bitcoin spot ETF
Outflows
Halving
Further reading:
Bitcoin ETF sees third-largest outflow, BTC remains at $70,000 level
Bitcoin ETF GBTC sees $300 million outflow, Bitcoin briefly drops below $66,000.