Bitcoin ETF · Bitcoin · Cointelegraph
Meanwhile, crypto analytics company Santiment Intelligence recently confirmed that the sustained Bitcoin ETF outflows may suggest
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◎ Multiple-sources
Spot Bitcoin ETFs have logged outflows for ten consecutive trading days, with total net redemptions exceeding $2.97 billion since May 15.
Key facts
- Total net assets held across spot Bitcoin ETFs have dropped from $104.29 billion on May 15 to $94.17 billion as of Friday, a decline of roughly $10 billion in two weeks
- Spot Bitcoin ETFs have logged outflows for ten consecutive trading days, with total net redemptions exceeding $2.97 billion since May 15
- Veteran trader Peter Brandt said in March that $60,000 may not be the lowest level for 2026, forecasting that Bitcoin could retest or even move “slightly lower” than the price level in September
- While Bitcoin is hovering around $73,000, a crypto trader says the current setup is “different from the previous breakdown in February
Summary
While Bitcoin is hovering around $73,000, a crypto trader says the current setup is “different from the previous breakdown in February.” Bitcoin could fall toward its February yearly low if it fails to maintain support above the $70,000 level, according to a crypto analyst. “Bitcoin is at a pivotal level, and if it doesn't hold, we're buying at <$65K,” MN Trading Capital founder Michael van de Poppe said in an X post on Saturday. It comes as crypto market participants are divided over whether Bitcoin's early February price of $60,000 marked the bottom of the cycle, or if further downside still lies ahead. Veteran trader Peter Brandt said in March that $60,000 may not be the lowest level for 2026, forecasting that Bitcoin could retest or even move “slightly lower” than the price level in September or October this year.