Bitcoin Exchange-Traded Funds (ETFs) have experienced their third-highest outflow since their inception. Typically, such outflows have, in the past, foreshadowed price bottoms for Bitcoin. Historically, substantial outflows have coincided with a rebound in Bitcoin prices, making this an important metric for investors to consider.
Currently, Bitcoin has corrected by approximately 6% following its all-time high achievement on November 13. This correction aligns with the significant outflow observed in Bitcoin ETFs, hinting at the potential for a similar market bottom as seen in previous corrections.
