Losing blood for 4 consecutive days! U.S. Bitcoin Spot ETF saw another $152 million in net outflows

This site (120btC.coM): The cryptocurrency market has been lackluster recently. With the lack of investor interest, 11 U.S. Bitcoin spot ETFs saw more than $152 million withdrawn on Tuesday. And it is the fourth consecutive day of capital loss.

According to data from SoSoValue, on June 18, Eastern Time, three of the U.S. Bitcoin spot ETFs recorded net outflows of funds: Fidelity’s FBTC had a net outflow of US$83 million; Grayscale ( Grayscale's GBTC had a net outflow of US$62 million; Bitwise's BITB lost approximately US$7 million; while the capital flows of the remaining eight ETFs were all "zero".

Data shows that as of June 18, the cumulative net inflow of 11 Bitcoin spot ETFs reached US$14.81 billion, a decrease of US$880 million from the peak of US$15.69 billion set on June 7.

At the time of writing, Bitcoin was down slightly by 0.5% in the past 24 hours, trading at around $65,305.

CryptoQuant analysts said in a report on Tuesday that Bitcoin has fallen below the key support level of $65,800, which indicates that there may be a correction of 8% to 12%, which may cause the price to fall towards the $60,000.

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