More 'forced selling' ahead? Purpose Bitcoin ETF holdings plunge by 51% in biggest outflow ever

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A waterfall of withdraws trigger giant flows out of this Bitcoin fund.

) holdings slashed by half in just one day, suggesting an alarmingly waning buying sentiment among the crypto's most-experienced investors.The fund's holdings dropped from $47,818 BTC to 23,307 BTC between June 16 and 17, its lowest level since October 2021. The 51% drop in BTC holding is also the biggest daily outflow ever.

, a psychological support level that served as the top during the 2017 bull run. Notably, BTC's price fell to circa $17,570 on June 20, only to reclaim $21,000 two days later.

 

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No ETFs this year

Canada's Purpose Bitcoin ETF witnessed its Bitcoin holdings slashed by half in just one day, seeing its funds drop from $47,818 BTC to 23,307 BTC, its lowest level since October 2021.

Guess soon it can cost even less usdt

The only thing I'm selling now is USDT in exchange for BTC.

Hey bro $RUBY token is surely going to become a point of sale in market places soon RubyPlayNetwork is the way to the moon 🚀 P2EGame BSC

it's funny that retail investors are selling and making a run for it meanwhile massive whales are buying the dip. I feel I've made the right call buying the MATIC dip, and I feel it'll be highly appreciated in the next months, when the world begins to understand zk

Go sell, so we could buy lol

Sell. So we keep buying cheaper. bitcoin

bye week hand

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