company-logoresearch-logo
Ahead Of The Curve
22 Jan 2024

A toxic gift that keeps on giving

Bitcoin has tumbled from $49,000 at the peak of the ETF launch to $39,000 currently. Why has this happened? This week, we examine the factors pushing bitcoin down and discuss how long it can last.
AOC Cover Image (1)
Preview
Falling prices
Bitcoin is down 9% over the past week and down 20% from the ETF launch peak. In the last seven days, all top 50 coins have negative returns. Despite ETF flows being net “neutral” over the past week, BTC has taken a tumble. The explanation lies in CME futures outflows, spot selling, and structural factors. 
Why does bitcoin continue to push lower?
Share this article