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Spot Bitcoin ETFs have seen $1.9 billion in outflows as a simultaneous sell-off in Big Tech stocks and volatility in oil markets strips $BTC of the "safe-haven" narrative it has carried into 2024.
With those flows heading for the exit, Bitcoin's $60,000 support level is now in jeopardy.
What ETF Outflows Actually Signal A spot Bitcoin ETF holds real Bitcoin on behalf of investors, meaning money leaving the fund translates directly into sell pressure on the underlying asset — unlike a futures-based product, where the link is indirect.
When $1.9 billion exits these vehicles in a period of broad market stress, it tells you institutional and retail holders are not treating Bitcoin as a refuge. They are treating it as another risk asset to lighten.
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