First Mover Americas: Bitcoin Holds $21K as BTC Outflows Hit Record High
June 27, 2022
2 min
要約
Bitcoin is slightly down on the day after a steady weekend of trading in a range of$20,000 -$21,800. This comes as the cryptocurrency has struggled to stabilize over the last fewweeks, dropping to lows of$18,001 on June 18. “BTC is showing some decent support but it’s a bit too early to get excited for any continued upside,” said MatthewDibb,co-founder of Stack Funds. Dibb expects price action will continue to follow macro trends which have seen a nice bounce over the last week. “Any additional news around contagion and lender insolvency will likely lead to a swift sell-off.” If additional crypto lenders “come out with unhealthy balance sheets, we may see further liquidation of assets across the board,” said Dibb. “It’s hard to tell right now which lenders and exchanges are safe.” addedDibb. BlockFi announced last week that it has secured a$250 million revolving credit facility from FTX. The outflows were solely focused on Bitcoin, which saw net outflows for the week totalling$453million. This erased almost all inflowsyear-to-date and left total bitcoin assets under management at$24.5billion, the lowest point since the beginning of 2021.
本文翻訳
Good morning, and welcome to First Mover. I’m Lyllah Ledesma, here to take you through the latest in crypto markets, news and insights. Bitcoin (BTC) is slightly down on the day after a steady weekend of trading in a range of $20,000 - $21,800. This comes as the cryptocurrency has struggled to stabilize over the last few weeks, dropping to lows of $18,001 on June 18. “BTC is showing some decent support but it’s a bit too early to get excited for any continued upside,” said Matthew Dibb, co-founder of Stack Funds. Dibb expects price action will continue to follow macro trends which have seen a nice bounce over the last week. “Any additional news around contagion and lender insolvency will likely lead to a swift sell-off.” If additional crypto lenders “come out with unhealthy balance sheets, we may see further liquidation of assets across the board,” said Dibb. “It’s hard to tell right now which lenders and exchanges are safe.” added Dibb. BlockFi announced last week that it has secured a $250 million revolving credit facility from FTX. Digital asset investment products saw a record of $423 million outflows last week, which is the largest of all time, according to data from CoinShares. The outflows were solely focused on Bitcoin, which saw net outflows for the week totalling $453 million. This erased almost all inflows year-to-date and left total bitcoin assets under management (AuM) at $24.5 billion, the lowest point since the beginning of 2021. Short-bitcoin funds – set up to bet on price declines – saw inflows totalling $15 million. According to CoinShares, this is due to the launch of the first U.S.-based short exchange-traded fund last week. By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy.