Bitcoin has fallen significantly since March 14th, Beijing time, correcting downward from the 73K level to 71K, and once fell to 66~67K the next day. In the past 24 hours, has fallen 9%. After the asset data of the U.S. Bitcoin Spot ETF was released on March 14, the impact of Bitcoin ETF funding dynamics on the market may have been confirmed again.
According to data compiled by BitMEX Research, the net inflow of overall ETFs on March 14 was only US$130 million, a record low in eight days. The net outflow of GBTC was approximately US$257 million, while the net inflow of IBIT dropped to US$345 million, a sharp decline from nearly US$600 million the previous day; Fidelity FBTC dropped sharply to US$13 million, significantly less than the previous day. 281 million US dollars per day.
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