Bitcoin saw net outflows of $2.52 billion from major exchanges (Binance, Coinbase, Kraken, Bitfinex) between September 22 and 24. Simultaneously, bitcoin ETFs attracted $1.25 billion in inflows over the same period, bringing total net assets across these funds to $108.92 billion. The price of bitcoin dipped to around $85,000 during this time, while open interest fell from above $31 billion to $28.58 billion. This atypical configuration suggests a transfer of holdings from exchanges to institutional products, in a broadly cautious market.
Source: Read the original article
