US Spot Bitcoin ETFs See $290 Million Net Outflows After Brief Inflows
- Significant Outflows: On May 15, US spot Bitcoin ETFs recorded approximately $290 million in net outflows, underscoring the volatility in institutional demand for crypto exposure and reflecting the instability of market sentiment.
- Fund Performance Breakdown: The outflows were led by BlackRock's IBIT with -$136.28 million, followed by Ark Invest's ARKB at -$52.48 million, Fidelity's FBTC at -$39.59 million, and Bitwise's BITB at -$11.60 million, indicating widespread impact across major funds.
- Market Impact Analysis: Since their launch in January 2024, these ETFs have experienced alternating waves of strong inflows and sudden withdrawals, suggesting that institutional investors' risk appetite is closely tied to macroeconomic factors and Bitcoin price fluctuations.
- Investor Focus: Sustained outflow patterns may signal shifts in risk appetite or profit-taking, particularly as the concentration of outflows in IBIT, the largest and most liquid fund, indicates that even established products are susceptible to short-term capital rotation.
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Technical Analysis for T
Technical Sentiment Analysis for Threshold (T). As of , Threshold (T) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for T stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, T is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Threshold (T) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00429 | 0.00471 | 0.00504 | 0.00546 | 0.00579 | 0.00621 | 0.00654 |
| Fibonacci | 0.00471 | 0.00499 | 0.00517 | 0.00546 | 0.00574 | 0.00592 | 0.00621 |
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