Cryptocurrency News Today TheBitTimes.com

Bitcoin (BTC) retraced below the $100,000 psychological level, bringing uncertainty for some and a buying opportunity for others. As a display of the latter, exchanges registered over $2 billion in BTC outflow from their accounts in a week – the largest Bitcoin outflow this year. Finbold retrieved data from CoinGlass on December 24, looking at the exchange’s spot markets over the last seven weeks. From December 15 to today, exchanges saw a $2.12 billion outflow in BTC, which is currently trading at $95,177. This marks the largest weekly spot outflow year-to-date in dollar value, according to CoinGlass , surpassing May’s $2.03 billion. Notably, the previously largest 2024 outflow triggered a Bitcoin price crash from $58,240 down to $31,778. Picks for you Grinch steals $180B from Bitcoin market cap this Xmas 2 h...

On Jan. 24, the total net outflow of Bitcoin spot ETFs was $159 million, the largest single-day total net outflow . According to the analytics platform Alpha, on Jan. 24 the total net outflow of Bitcoin spot ETFs hit $159 million, the largest one-day net outflow since launch. Source: Alpha Grayscale ETF has been the leader in net outflows with $429 million since the fund’s launch. All ETFs except Grayscale had net inflows of $270 million. At the same time, for the second day in a row, the outflow of funds from Grayscale Bitcoin Trust (GBTC) has been decreasing. The figure was the lowest since the launch of spot Bitcoin ETFs in the United States. Bloomberg analyst Eric Balchunas wrote in X that GBTC outflows are showing a “downward trend.” However, he noted that liquidations are still huge. $GBTC volume down again today.. could be sign of some exhaustion in the selling (same thing happens in stocks, $SPY volume goes up w selling, down w peace). We'll...