'Enormous Outflows' From Largest Bitcoin ETF May Have Triggered BTC Crash

Us retail traders need to remember that we’re not in the driving seat any more. Liquidations happen, and they can take price for a ride, due to the size of the market.

The world’s largest bitcoin (BTC) spot exchange-traded fund lost half of its assets under management last Friday, which might have exacerbated bitcoin’s crash on Saturday.

The Purpose Bitcoin ETF saw an outflow of 24,510 bitcoins on Friday, the most severe redemption in a single day since the fund made its debut on the Canadian Stock Exchange in April 2021, according to the Norway-based Arcane Research.

That’s crazy!

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good post right now. demand able

What do you mean?