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Bitcoin (BTC) News Today: Demand-Supply Dynamics as Bitcoin Halving Looms

From fxempire.com

BTC slid by 3.97% on Wednesday. Reversing a 0.68% gain from Tuesday, BTC ended the session at $61,350. BTC-spot market flow data impacted buyer demand for BTC. According to Farside Investors, the BTC-spot ETF market saw net outflows of $58.0 million on Tuesday, April 16. Significantly, the BTC-spot ETF market saw net outflows for the third successive session. Flow data for the individual issuers signaled a marked decline in buyer appetite. iShares Bitcoin Trust (IBIT) saw net inflows of $25.8 million, down from $73.4 million on April 15. Fidelity Wise Origin Bitcoin (FBTC) saw net inflows of $1.4 million after a zero ... (full story)

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