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Giannis Andreou
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On April 9, Bitcoin dropped below $70,000 as optimism faded post-weekly close. Before Wall Street opened, downward pressure intensified, with Bitstamp reporting a low of $69,635, down 4.3% from the previous day's high. US spot Bitcoin ETFs saw minimal inflow, coupled with a $300-million outflow from the Grayscale Bitcoin Trust (GBTC), resulting in heavily negative net flows surpassing $200 million. Despite this, the two largest ETFs, BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity Investments’ Wise Origin Bitcoin Fund (FBTC), maintained inflows, evading losses. #Bitcoin #BinanceLaunchpool

On April 9, Bitcoin dropped below $70,000 as optimism faded post-weekly close. Before Wall Street opened, downward pressure intensified, with Bitstamp reporting a low of $69,635, down 4.3% from the previous day's high. US spot Bitcoin ETFs saw minimal inflow, coupled with a $300-million outflow from the Grayscale Bitcoin Trust (GBTC), resulting in heavily negative net flows surpassing $200 million. Despite this, the two largest ETFs, BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity Investments’ Wise Origin Bitcoin Fund (FBTC), maintained inflows, evading losses. #Bitcoin #BinanceLaunchpool

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