For Bitcoin ETF Holders, a Market Recovery Is a Reason to Sell

Bitcoin’s bad stretch of ETF outflows has exposed an uncomfortable dynamic in the crypto market’s structure: the price level that should draw buyers back in is the one that also...

By Vildana Hajric, Olga Kharif · Bloomberg Markets

Bitcoin’s bad stretch of ETF outflows has exposed an uncomfortable dynamic in the crypto market’s structure: the price level that should draw buyers back in is the one that also prompts some of the heaviest selling.