Bitcoin price falls under $62K amid wavering spot BTC ETF demand

Bitcoin joined U.S. stock indexes in heading lower on the day, as the U.S. dollar Index reached a six-month-high of 106.17.

On april 15, capital flows into the spot Bitcoin exchange-traded funds recorded $36.7 million in net outflows, according to data from Farside Investors.Placing emphasis on the slowing inflows into the spot Bitcoin ETFs, Farside Investors data revealed that only Grayscale and BlackRockThe latest report by CryptoQuant also reveals that demand growth for Bitcoin from ETFs in the U.S. has slowed down.Bitcoin demand from permanent holders and ETFs.

“With a number of continued catalysts , we think there is no reason to suspect a near-term sustained pullback. Full speed ahead to $150k by early 2025.”While remaining optimistic, position trader Bob Loukas examined a number of indicators on the daily chart as grounds to suspect a consolidation of the BTC price over the next two months before making a convincing run into price discovery. and could be waiting on the sidelines for the situation in the Middle East to deescalate.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.The real risks to Ethena’s stablecoin model

Source: Digital Coin News (digitalcoinnews.net)

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