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CoinGape 2022-06-27 13:54:19

Institutional Traders Dumped Bitcoin At A Record Pace Last Week

Bitcoin investment products saw record weekly outflows worth $453M, a report by CoinShares reveals. James Butterfill, the head of research at CoinShares, said these outflows were likely responsible for Bitcoin’s $17,760 price that weekend. While all digital asset investment products faced a record-high $423 M weekly outflow, the outflows were mostly focused on Bitcoin. The The post Institutional Traders Dumped Bitcoin At A Record Pace Last Week appeared first on CoinGape.

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