Bitcoin ETF Sees Longest Redemption Wave Since Launch as $1.4B Market Cap Vanishes; Long-Term Investors Accumulate via OTC

BTC-5.77%
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According to Wintermute's market analysis shared by Foresight News, Bitcoin ETFs experienced their longest redemption wave since launch, erasing $1.4 billion in market value, while the S&P 500 rallied for a ninth consecutive week. Despite near-term summer headwinds, some long-term investors are accumulating positions through over-the-counter (OTC) platforms, viewing current prices as attractive on an 18-month investment horizon. Wintermute noted that although the crypto market currently lacks the earnings narratives supporting traditional equities, long-term market prospects appear more optimistic than prices suggest, with market cycles potentially resetting.
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