Bitcoin plummets abruptly! ETF net inflows on 3/14 only 130 million pounds, while Bitcoin experiences significant pullback.
Bitcoin has experienced a significant drop since March 14th Taiwan time, correcting from the 73,000 level to 71,000. It briefly dropped to 66-67,000 the following day, marking a 9% decrease in the past 24 hours. The release of the asset data for the US Bitcoin spot ETF on March 14th may further confirm the impact of Bitcoin ETF fund dynamics on the market.
On March 14th, the net inflow of ETFs was only 130 million RMB, according to data compiled by BitMEX Research. This is the lowest level in eight days. GBTC had a net outflow of about 257 million USD, while IBIT’s net inflow decreased to 345 million USD, significantly down from nearly 600 million USD the previous day. FBTC from Fidelity also decreased sharply to 13 million USD, much lower than the 281 million USD the day before.
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