Christmas market falls flat! Bitcoin spot ETF declines for the fifth consecutive day, with a net outflow of $175 million on Christmas Eve.Bitcoin briefly returned above the 90,000 level at the beginning of the month but failed to continue its upward momentum. It is currently consolidating with slight fluctuations, showing a range-bound trend. The spot ETF market for Bitcoin is sending chills, experiencing net outflows for the fifth consecutive trading day, indicating that institutional investors are choosing to exit cautiously before the year-end holiday.
BlackRock IBIT had a single-day net outflow of 91.37 million USD.
According to data from SoSoValue, on December 24th (Eastern Time), the total net outflow from Bitcoin spot ETFs reached 175 million USD. This marks the fifth consecutive day of net outflows in this sector, with accumulated selling pressure casting a shadow over the year-end market sentiment.
Among issuers, BlackRock's IBIT had the highest single-day net outflow at 91.37 million USD, ranking first in outflows for the day; while Grayscale, which has been in a prolonged state of outflows
ChainNewsAbmedia·39m ago