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Bitcoin nears nine-day highs to start the last week of March, but many are still highly cautious about BTC price optimism.
Recent volatility in the bitcoin market has caused almost $40 million in BTC short liquidations, Coinglass data shows.Last week’s spot bitcoin ETF net outflow could have been caused by Genesis selling its GBTC shares, according to analysts.
Crypto investment products witnessed record outflows last week, with $942 million exiting funds globally, according to CoinShares.This represents the first weekly net outflows witnessed following a seven-week streak of inflows totaling $12.3 billion.
The investment bank has seen growing interest from hedge fund clients in crypto-related products, especially after the recent approval of spot bitcoin ETFs in the U.S., according to Bloomberg. Goldman Sachs has also been exploring investing in crypto bankruptcy claims.
