Shorts…destroyed…again. 🚀

Tuesday Aug 5th marked the 4th day in a row of negative outflows for the 11 US based Bitcoin ETF’s. Past 4 days have seen12,700 BTC in total out flows.

The 11 US based Bitcoin ETF’s dumped approximately 10,000 BTC on Friday and Monday.

After 6 consecutive net inflow weeks for the 11 US based Bitcoin ETF’s, last week reversed that trend with an outflow of 5,708 BTC. For context, the ETF’s had net inflows the prior 5 weeks totaling 71,985 BTC.

After 6 daily closes in a row to the downside, the past 2 days have closed up in Bitcoin.