Bitfinex Says ETF Outflows Test Bitcoin at $77K
Photo: Crypto Economy
TL;DR Bitcoin recovered into the $77,000-$80,000 support band after testing its $75,839 short-term holder cost basis, but Bitfinex says the rebound remains leverage-driven. U.S. spot Bitcoin ETFs recorded $1.16 billion in net outflows from October 30 to November 2, while BlackRock’s IBIT lost $405.3 million. Bitfinex says a daily settlement below $75,839 would weaken the ... Read more
Source: Crypto Economy
