Bitcoin ETFs Bleed $349M In A Day As Whales Dump, Small Buyers Step In: Analysts
Spot Bitcoin ETFs listed in the US recorded their steepest single-day outflow in nearly three weeks on Friday, with $349 million pulled from all 11 products combined, according to data from Farside
“About 99.5% chance it stays above $60k,” Peterson wrote on X.
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Bitcoin had already tested that level once this cycle, falling to $60,000 on Feb. 6 during a broader pullback from an all-time high of $126,000 set in October.
Since then, it has managed a partial recovery, though Friday’s ETF outflows and the continued whale selling suggest the market has not yet found stable footing.
Featured image from Shutterstock, chart from TradingView
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