Exchange outflows News

Investor interest in newly launched spot Bitcoin ETFs seems to wane, as another $80 million net outflow was recorded yesterday. 

Outflows from Bitcoin exchanges have approached 100K BTC for the second time in March 2022. The phenomenon usually occurs when Bitcoin recovers from downside pressure, and strong buying interest follows.  A Bitcoin Bullish Cross-Over On-chain data provider Glassnode explains, “Bitcoin…