is trading above $64K in the early afternoon of East Asia’s trading day, even as outflows from bitcoin exchange-traded funds pick up significantly.shows that the U.S.-listed ETFs had a daily total net outflow of $217 million. This brings the total outflow so far this week to $244.49 million.
According to JPMorgan, the correlation between bitcoin ETF prices and inflows has weakened, dropping from a high of 0.84 in January to 0.60 in recent assessments. This indicates a decrease in the alignment between BTC prices and spot ETF flows,shows that since Monday, GBTC has experienced an outflow of $417 million during the last week—yet BTC prices still increased in the face of it., with $60 million in liquidations in the last 24 hours. Of this $60 million, BTC made up $13.
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