Bitcoin Rangebound as ETF Outflows Continue — Market Talk
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Bitcoin is trading up 0.6% to $77,461, bouncing off of a low of nearly $76,000 overnight. News of the latest BTC acquisition by Strategy is helping keep the coin rangebound, with Strategy confirming that it purchased 24,869 BTC at an average cost of $80,985--bringing their average cost for the total 843,738 BTC to $75,700. But ETFs continue to show outflows, according to data from CoinGlass. A total outflow of $331.1 million was recorded yesterday, making it the third day in a row of net outflows and the 7th day out of the past 9. "Continued outflows could add downward pressure on the asset," says Konstantinos Chrysikos of Kudotrade in a note. (kirk.maltais@wsj.com)
source: https://www.tradingview.com/news/DJN_DN20260520006990:0/
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