Glassnode: Institutional Bitcoin buying enthusiasm is cooling down; spot ETF has experienced seven consecutive days of average net outflows.

BlockBeatNews
BTC0,45%

BlockBeats message, March 31, Glassnode released an analysis stating that the 7-day simple moving average net inflow (7D-SMA) of U.S. spot Bitcoin ETFs turned negative starting from the beginning of last week, and that the most recent days have recorded net outflows of 200 to 500 BTC. Although the outflow size is not large, it has persisted, which is a more subtle signal indicating that at the current Bitcoin price level, institutions’ willingness to buy and confidence in demand remain somewhat hesitant.

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