U.S. spot Bitcoin ETFs have recorded eight consecutive days of institutional selling, with total outflows reaching approximately $825 million as year-end tax strategies dominate market behavior.
According to **** yst Alek, the sustained selling pressure stems primarily from tax loss harvesting.
He claimed it is a temporary phenomenon expected to conclude within the coming week, alongside de-risking ahead of Bitcoin’s quarterly options expiry.
On December 24 alone, U.S. spot Bitcoin ETFs witnessed net outflows of $175 million, with BlackRock’s IBIT leading the exodus at $91.37 million.
ht
According to **** yst Alek, the sustained selling pressure stems primarily from tax loss harvesting.
He claimed it is a temporary phenomenon expected to conclude within the coming week, alongside de-risking ahead of Bitcoin’s quarterly options expiry.
On December 24 alone, U.S. spot Bitcoin ETFs witnessed net outflows of $175 million, with BlackRock’s IBIT leading the exodus at $91.37 million.
ht
2 months ago
