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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