Bitcoin's total assets under management dropped to $36 billion — the lowest since February 2021. Meanwhile, ArcaneResearch shows a $BTC crash could be triggered by an outflow of nearly 25,000 BTC. Chart of the Day explains, presented by cryptocom:
Crypto seeing net outflows of almost $40 million last week with total assets under management dipping to about $36 billion at the lowest level since February 2021. Purpose Bitcoin ETF seeing massive outflows of almost 25,000 BTC on Friday, equivalent to a 51% decline.
flipping ProShares to become the largest bitcoin ETF provider. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
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