😁BTC is moving into the high-risk zone
Analysts at Swissblock report that their BTC risk index has risen to 33/100, entering 'High Risk' mode.
The main issue: a growing outflow of funds from spot BTC ETFs.
According to Glassnode, funds are experiencing net outflows almost every trading day since May 7, with total capital withdrawals already exceeding $2 billion over two weeks.
Swissblock notes that a similar destabilization of the risk index was observed before the 2022 crash when BTC dropped by -35%.
$XRP $XLM $XTZ
@CBETKAMOHETKA
Analysts at Swissblock report that their BTC risk index has risen to 33/100, entering 'High Risk' mode.
The main issue: a growing outflow of funds from spot BTC ETFs.
According to Glassnode, funds are experiencing net outflows almost every trading day since May 7, with total capital withdrawals already exceeding $2 billion over two weeks.
Swissblock notes that a similar destabilization of the risk index was observed before the 2022 crash when BTC dropped by -35%.
$XRP $XLM $XTZ
@CBETKAMOHETKA