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‘Rally without conviction’: Bitcoin ETFs see $630M in outflows as corporate treasury demand drops and resistance builds

The Block·
‘Rally without conviction’: Bitcoin ETFs see $630M in outflows as corporate treasury demand drops and resistance builds
AI Analysis

Bitcoin ETFs experienced significant outflows of $630 million on May 13, driven by a decline in corporate treasury demand. Additionally, a $2 billion gamma cluster is raising concerns about potential volatility as Bitcoin approaches the $82,000 mark.

Key Topics

BitcoinETFs

Originally reported by The Block. Read the full article ↗

‘Rally without conviction’: Bitcoin ETFs see $630M in outflows as corporate treasury demand drops and resistance builds | AI Crypto Daily Wire