Wintermute: $463M Bitcoin ETF outflow marks first negative week since June
- —Bitcoin ETF outflows for the week totaled $463 million, the first since June
- —BTC lost about $3,500 after ETF flows turned negative
- —ETH ETFs attracted $197 million, including $216 million on Friday
- —The $76,000–$82,000 range has held for about four weeks
Why it matters: Without a return of ETF inflows, bitcoin lacks an obvious source of new demand, and the Fed decision will set the short-term trend.
Source: Incrypted