Bitcoin 
$87,926 ETFs listed in the United States recorded the second largest capital withdrawal this year, amounting to $516.4 million. According to Farside data, the last ten days witnessed the ninth net outflow day, reflecting investors’ cautious approach towards Bitcoin, which has been fluctuating within a narrow price range.
Current Status of Bitcoin ETFs
Last Tuesday, Bitcoin fell below $90,000 after exiting a three-month channel, dropping to around $86,050. This decline illustrates the concerns investors have regarding Bitcoin’s prolonged trading within a confined range.
According to Velo data, Bitcoin’s CME annualized basis value has decreased by 4%, marking the lowest level since the ETFs began trading in January 2024. Under cautious strategies, investors are taking long positions in the spot market while applying short positions in futures to seek returns from the price differential, indicating that this narrowing of returns might be one of the underlying reasons for the recent decline.
Cautious Strategy Applications
Market analysts suggest that … creator solana token
