Bitcoin Price Rally May Be a Dead Cat Bounce as Death Cross Nears and ETF Outflows
BTC price has been in a strong sell-off in the past few weeks as Wall Street investors continued dumping its ETFs. Data shows that these funds have shed over $5.4 billion in the last four weeks. They now have a cumulative total net inflow of $53.94 billion and hold $75 billion in assets. At Bitcoin's peak, these funds held over $130 billion in assets.