Bitcoin futures and spot ETF traders capitulate as BTC looks for a bottom

Quick Summary:

Spot Bitcoin ETF outflows reached $3.4 billion in February, but one analyst says multiple data points suggest BTC is on the verge of a price reversal.

However, Zaheer, an anonymous market analyst, said that the current drop in spot prices and ETF net flows was potentially due to the CME futures basis falling below 5%.

Bitcoin’s (BTC) daily chart registered a bearish three-blind mice pattern over the past three days, taking BTC’s value outside the long-term established range between $110,000 and $90,000.Bitcoin 1-day chart.

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Article Details

Author / Journalist: Cointelegraph by Biraajmaan Tamuly

Category: Crypto

Markets: United States

Topics: Outflows Analyst Fear Market Greed Data Bitcoin Billion Adler Spot Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-27 @ 18:44:05 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 547 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 26483398

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 465 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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Publisher ID: #11

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