Bitcoin ETFs have seen nearly $5.75 billion in outflows since mid-May, sparking speculation that investors are selling to fund upcoming IPOs like SpaceX. However, Fabian Dori, CIO at Sygnum, argues that market data does not support this theory. Exchange flows and stablecoin balances remain stable, and speculative crypto products continue to attract capital. The decline in CME bitcoin futures open interest alongside ETF outflows suggests these moves are driven by the unwinding of cash-and-carry arbitrage trades rather than a shift away from crypto. This means investors are not necessarily bearish on bitcoin but responding to less profitable arbitrage conditions.
Bitcoin, Ethereum, and XRP prices increased following former U.S. President Trump's suggestion of a potential peace deal with Iran this weekend. This geopolitical optimism boosted market sentiment despite nearly $2.5 billion in crypto options expirin...
Bitcoin price rose above $63,000 following Donald Trump's announcement of canceled U.S. strikes on Iran and progress toward a peace agreement, reversing losses caused by higher-than-expected U.S. producer inflation data. Despite conflicting reports f...
Bitcoin rose about 1% to near $63,700 on June 12, recovering from a recent dip below $60,000 amid signs of easing U.S.-Iran tensions. The de-escalation reduced fears of rising oil prices and inflation, which had pressured risk assets including crypto...
Bitcoin is trading near $63,000 after a dip to $59,000, close to its realized price support of $53,600, with demand dropping sharply, especially from spot ETFs. Institutional buying pressure is waning, and investors have realized significant losses r...
Bitcoin is trading near $63,000, just 9% above its realized price, indicating limited profit for holders and a market close to a value zone rather than a confirmed recovery. Demand has weakened significantly, especially from ETFs, with total bitcoin ...
