data from SoSoValue,<\/a> the Bitcoin Spot ETF market recorded net outflows to the tune of $217 million on April 25. Unsurprisingly, Grayscale\u2019s GBTC accounted for $138 million of these figures as its total outflows now approach $17 billion.<\/span><\/p>\nNotably, for the first time ever, Fidelity\u2019s FBTC and Valkyrie\u2019s BRRR\u00a0 produced net outflows estimated at $22 million and $20 million, respectively. Meanwhile, ARK Invest\u2019s ARKB and Bitwise\u2019s BITB also experienced a loss in investment on Thursday.<\/span><\/p>\nInterestingly, all other Bitcoin Spot ETFs recorded zero net flows except Franklin Tempton\u2019s EZBC, which saw a net inflow of $1.87 million. At the time of writing, the BTC spot ETFs have a combined value of $128 billion, reflecting a remarkable growth since their trading debut on January 11.
\n<\/span><\/p>\nFeatured image from The Economic Times, chart from Tradingview<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"Following the halving event on April 19, the price of Bitcoin has displayed a puzzling performance. BTC initially gained nearly 10% to trade as high as $67,020 on April 24. However, in the last two days,\u00a0 the digital asset\u2019s price has declined by 6.49%, falling below the $63,000 price mark.\u00a0 As expected, such negative performance has drawn attention from investors and market speculators. In particular, renowned analyst with X handle Rekt Capital has provided a theory on Bitcoin\u2019s price fall and perhaps an insight into the future price movements of the crypto market leader. Related Reading: Timing The Breakout: When Will Bitcoin Escape The Post-Halving Consolidation? BTC Potential Price Decline Ahead? In an X post on April 26, Rekt Capital stated that Bitcoin has now entered the Post-Halving \u201cDanger Zone.\u201d The analyst described this phenomenon as a period during which Bitcoin has historically experienced price corrections after the halving event. Rekt Capital noted that in 2016, Bitcoin recorded these price retraces in the three weeks following the Halving event. During this time, the token\u2019s price declined by 11%.\u00a0 The analyst postulates that Bitcoin is now in the Post-Halving \u201cDanger Zone\u201d of the current bull cycle following its price fall over the last two days. It is worth stating that if Bitcoin mirrors past price movement in this phase, the token could be heading for $60,000. However, Rekt Capital states that if the crypto market leader experiences such a fate, it will be within the next two weeks.\u00a0 At the time of writing, Bitcoin trades around $62,672 with a decline of 2.44% in the last day. This price fall underscores BTC\u2019s negative performance in the last month in which it has lost 11.16% of its market value.\u00a0 BTC trades at $63,023 on the daily chart | Source: BTCUSD chart on Tradingview.com Related Reading: Forbes Unveils 20 Crypto \u2018Zombies,\u2019 Declares Ripple And XRP Among The Undead Bitcoin ETFs Record Minor Inflow; Net Outflows Hit $217 Million According to data from SoSoValue, the Bitcoin Spot ETF market recorded net outflows to the tune of $217 million on April 25. Unsurprisingly, Grayscale\u2019s GBTC accounted for $138 million of these figures as its total outflows now approach $17 billion. Notably, for the first time ever, Fidelity\u2019s FBTC and Valkyrie\u2019s BRRR\u00a0 produced net outflows estimated at $22 million and $20 million, respectively. Meanwhile, ARK Invest\u2019s ARKB and Bitwise\u2019s BITB also experienced a loss in investment on Thursday. Interestingly, all other Bitcoin Spot ETFs recorded zero net flows except Franklin Tempton\u2019s EZBC, which saw a net inflow of $1.87 million. At the time of writing, the BTC spot ETFs have a combined value of $128 billion, reflecting a remarkable growth since their trading debut on January 11. Featured image from The Economic Times, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":605359,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,86326,1144,78790,92177,92176,69575],"class_list":["post-605358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-spot-etf","tag-btcusd","tag-btcusdt","tag-danger-zone","tag-post-halving","tag-rekt-capital"],"acf":[],"yoast_head":"\n
Bitcoin Enters 'Danger Zone' Post-Halving, Analyst Warn of Potential Downside<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n