Bitcoin (BTC) price appears poised for a decline this week, influenced by slight outflows in US spot ETFs, selling activity among BTC miners, and a combined transfer of 4,690.28 BTC to centralized exchanges by the US and German governments.
US spot Bitcoin ETFs registered slight outflows this week. On-chain data shows that miners’ selling activity is increasing, signaling bearish momentum. US and German governments collectively transferred to exchanges 4,690.28 BTC, valued at $287.57 million. Seasonal data shows that BTC could see gains in July. Bitcoin price appears poised for a decline this week, influenced by slight outflows in US spot ETFs, selling activity among BTC miners, and a combined transfer of 4,690.
German Government currently holds 45,609 $BTC. The German Government also transferred 0.001 $BTC to Flow Traders, which may be a test… pic.twitter.com/F0CFUDPQoP — Lookonchain June 26, 2024 Bitcoin spot ETFs display weakness US spot Bitcoin ETFs have seen outflows persist for three consecutive weeks, according to Coinglass data, starting with a $174.5 million outflow on Monday. This was followed by a modest inflow totaling $63.8 million over the next three days.
Cryptocurrencies Technical Analysis
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Michael Saylor Reacts as Bitcoin (BTC) Breaks Above $71,000Vocal Bitcoin proponent Saylor makes BTC prediction as Bitcoin surpasses $71,000 price mark
Read more »
Bitcoin miner sell pressure 'weakening' as BTC withdrawals drop 85%Bitcoin miners cool BTC withdrawals in June in what analysis says is 'weakening' Bitcoin sell pressure.
Read more »
Michael Saylor Celebrates Important Bitcoin Anniversary: DetailsVocal Bitcoin proponent Saylor has published celebratory Bitcoin tweet to recall his personal BTC anniversary
Read more »
Why Did BTC’s Price Tumbled $3K on Friday Despite the Impressive Bitcoin ETF Inflows?Crypto Blog
Read more »
1,901 Bitcoin (BTC) Added to ETFs in Single Day, Why No Price Jump?Spot Bitcoin ETF on 19-day inflow streak, 1,901 BTC added
Read more »
5 Reasons Why Ethereum (ETH) Is Much Stronger Than Bitcoin (BTC) Right NowEthereum might be stronger option for investors compared to Bitcoin, and there are good reasons for it
Read more »