Reason For #BTC Price Drop

Spot-based ETFs saw their fourth-largest week in investments starting November 18-22. According to Dune, the US funds recorded an impressive $2.42 billion in inflows.

However, investors withdrew over $2 billion from China-based ETFs in the same period. In an X post, the Kobeissi Letter confirmed this:

Last week alone, China ETFs saw $2 billion outflows, marking the largest weekly outflow in history. Despite deploying pandemic-like stimulus, recent data suggests that China’s economy is worsening.

Kobeissi Letter

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