Bitcoin ETFs Swing From $5.8 Billion in Outflows to $800 Million Inflows
The reversal comes with bitcoin trading just above $80,000, well off its earlier highs.
US spot bitcoin ETFs moved from $5.8 billion in cumulative outflows to $800 million in net inflows, even as bitcoin trades just above $80,000, per The Motley Fool.
Bitcoin's slide to $80,000 from recent highs
Bitcoin trades just above $80,000, well off its earlier highs, even as ETF flows swing from heavy outflows to modest inflows. The chart shows how far the price has fallen from its peak.
Live BTC-USD price data; context from The Motley Fool's report that bitcoin trades just above $80,000.
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<figure><a href="https://www.indy.finance/news/bitcoin-etfs-swing-from-5-8-billion-in-outflows-to-800-million-inflows"><img src="https://www.indy.finance/news/bitcoin-etfs-swing-from-5-8-billion-in-outflows-to-800-million-inflows/graphic.svg" alt="Bitcoin's slide to $80,000 from recent highs" width="1200" height="675"></a><figcaption>Bitcoin's slide to $80,000 from recent highs — <a href="https://www.indy.finance/news/bitcoin-etfs-swing-from-5-8-billion-in-outflows-to-800-million-inflows">Indy Finance</a></figcaption></figure>This would look more clearly bullish if bitcoin ETF inflows extend for multiple consecutive weeks and the price reclaims levels meaningfully above $80,000, or bearish if inflows reverse back to net outflows.
Produced automatically by the INDY NEWS Desk from the public wire sources cited above, and checked against them before publication. Market commentary, not investment advice.