Why This Massive $297M Bitcoin ETF Outflow Could Actually Be a Buy Signal

Why This Massive $297M Bitcoin ETF Outflow Could Actually Be a Buy Signal

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News Analytics platform Santiment is contending that the combined net outflow of almost $300 million that hit US spot Bitcoin ETFs on Monday points to a potential dip-buying opportunity. According to them, outflows of such sizes are often a sign of retail fear and have acted as reliable contrarian indicators for price bottoms in the past. Santiment reported that on April 13, $297.3 million left the BTC ETFs. However, data from other trackers, like Coinglass, SoSoValue, and Farside Investors, showed slightly lower readings of around $291 million. Regardless, Monday was the heaviest outflow experienced by the product

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