Crypto
Bitcoin Fund Flows Hit Six-Day Extreme as Volatility Continues
Bitcoin's fund flows have hit extreme levels for six consecutive days, a pattern that historically signals upcoming price declines. According to data from CryptoQuant, Bitcoin inflows peaked at nearly 50,000 BTC in late June, coinciding with increased market volatility.
The large inflows were accompanied by outflows of over $4 billion from US spot Bitcoin ETFs in June, adding selling pressure to the market.
Despite this, large holders have been accumulating significant amounts of Bitcoin, suggesting mixed market sentiment and continued volatility.