CryptoQuant analyst: ETF inflows and spot demand are weak, and Bitcoin may continue to correct.
Original headlineCryptoQuant 分析师：ETF 资金与现货需求疲弱，比特币或继续调整
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U.S. spot Bitcoin ETFs recorded $969 million in net outflows over the past five trading days, with the five-day flow metric falling $766 million in the past week—a level seen on only 15% of days over the past year, according to CryptoQuant analyst Axel Adler Jr. The Coinbase premium has stayed negative for 70 consecutive days at -0.14%, signaling weak U.S. spot demand. Adler said the combination of weak fund flows and soft spot demand supports his view that Bitcoin may continue to correct. He added that he would change that view if both metrics turn positive.
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Named in this story
Bitcoin (BTC), US Bitcoin ETFs, Axel Adler Jr., CryptoQuant, Coinbase (COIN)
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