Odaily Planet Daily reported that the Bitcoin ETF has experienced a continuous outflow of approximately $2.1 billion for six days, setting a record for the longest outflow period since June last year. Matthew Sigel, head of digital asset research at VanEck, believes that the record breaking outflow of funds may stem from hedge funds breaking a popular strategy called "basis trading," which exploits price differentials between spot and futures markets to profit. Some funds use ETFs to profit from cryptocurrency volatility or hedge short positions in derivatives, "he explained." This strategy involves buying Bitcoin spot (usually through ETFs) while shorting Bitcoin futures to lock in low-risk returns. However, the profits from this trading have recently collapsed, greatly reducing its appeal. Therefore, hedge funds that use ETFs for this trading may have already closed out, leading to large redemptions

The main large order is displayed on the K line in the form of a horizontal line, the thicker the line means the larger the pending order amount, and the longer the line represents the longer the pending order time

Odaily Planet Daily News: Dune data shows that the total revenue of pump.Fun platform has exceeded 3 million SOLs, reaching 3003971 SOLs at the time of writing, which is approximately $578626573. In addition, the transaction volume of Pumpfun platform has reached about 1.98 billion US dollars in the past 14 days, and as of now, the number of participating addresses is about 13.88 million.

According to Onchain Lens monitoring, in the past 30 minutes, BlackRock has deposited 5100 BTC worth $441.88 million and 30280 ETH worth $71.85 million into Coinbase Prime.

A combination of positive PCE data, renewed risk appetite from Nvidia’s earnings, and regulatory clarity could provide the momentum needed to push bitcoin above current levels, according to 21Shares.