Bitcoin News Today: Bitcoin ETFs See $2.96B Withdrawals as Investors Seek Greater Macro Certainty
Bitcoin ETFs, once seen as a pillar of optimism in the crypto sector,
The pace of withdrawals picked up toward the end of November, with BlackRock’s
The
Market observers cite a combination of profit-taking and uncertainty in the broader economy.
Technical analysis supports the negative sentiment. Bitcoin’s relative strength index (RSI) neared oversold levels, and blockchain data showed significant selling from long-term holders.
The wave of outflows has also influenced the wider market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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