Bitcoin is heading toward a rare second consecutive quarterly loss as exchange-traded funds recorded another $1.79 billion in outflows last week. Historical patterns offer some reason for optimism, though the source provides no guarantee of a rebound.
Bitcoin is heading toward a rare second consecutive quarterly loss as exchange-traded funds recorded another $1.79 billion in outflows last week. Historical patterns offer some reason for optimism, though the source provides no guarantee of a rebound.
The latest withdrawals show that ETF demand is not currently providing the support Bitcoin would need to reverse that trend. The outflows do not establish a single cause for Bitcoin’s performance, but they reinforce the cautious market backdrop.
Bitcoin is on course for a rare back-to-back quarterly loss, while another $1.79 billion flowed out of exchange-traded funds last week.
The development matters because continued ETF outflows add pressure to an already weak quarterly performance. Two consecutive losing quarters would mark an unusual stretch for the leading cryptocurrency.
The latest withdrawals show that ETF demand is not currently providing the support Bitcoin would need to reverse that trend. The outflows do not establish a single cause for Bitcoin’s performance, but they reinforce the cautious market backdrop.
There is still some reason for hope if previous market patterns repeat. However, historical performance cannot determine what happens next, and the current quarter remains shaped by sustained ETF outflows and Bitcoin’s recent losses.
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