Bitcoin ETF sees five consecutive days of outflows, holding steady at $64K level post-halving
On the eve of Bitcoin's halving, the spot ETF ended its five-day net outflow since the 12th. There was no significant volatility after Bitcoin halving, with the price around $64,172 at the time of writing.
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Bitcoin Spot ETF Ends Five-Day Outflow Streak
SoSo Value data shows that the Bitcoin Spot ETF saw a net inflow on April 19th after five consecutive days of outflows since the 12th, with a total net inflow of $59.56 million.
Data for various ETFs on April 19th is as follows:
Grayscale GBTC: -$45.8 million
BlackRock IBIT: $29.3 million
- Fidelity FBTC: $54.8 million
VanEck's HODL also saw a net outflow of -$1.8 million.
Bitcoin Retraces Nearly 20% from High
Bitcoin has been fluctuating in the range of $60K to $65K recently, breaking below $60K three times since March. The largest retracement from the all-time high of $73,787 is approximately 19.24%.
3/5: $59,000
4/13: $60,000
4/17: $59,632
4/19: $59,587
Bitcoin Halving Shows No Major Fluctuations
The drop on April 13th was mainly due to the Iran-Israel conflict, with Israel retaliating against Iran on the 19th, prompting a bounce back to the $65K level.
There have been no significant fluctuations following the Bitcoin halving, with related news as follows:
- Bitcoin completes its fourth halving, reducing block rewards to 3.125 BTC
Iran launches drone attack on Israel, causing Bitcoin price to plummet to $60K
- Israel ignores warnings, Middle East conflict escalates! Bitcoin quickly drops to $60K
Bitcoin drops to $66K, $900 million liquidated in the market! Analyst: Miners sell $5 billion of inventory, bleak future for the next six months