Bitcoin has slipped to near $75,000, marking a 1.4% decline over 24 hours and a 2.7% drop over the past week, as the S&P 500 hits new all-time highs. This divergence highlights a growing sentiment gap between traditional equities and cryptocurrencies. Ethereum spot ETFs have experienced 11 consecutive days of net outflows, surpassing Bitcoin's own outflow streak, signaling a broader retreat from crypto assets.
The Fear & Greed Index, currently at 25, indicates "Extreme Fear" in the crypto market, worsening from last week's reading of 27. Despite the stock market's rally, crypto assets are struggling, with Ethereum hovering around $2,000 and Solana near $85. The ETF outflows suggest a deliberate reduction in crypto exposure by investors, contrasting with their increased risk appetite in equities. The continuation of these outflows could further widen the gap between traditional and crypto markets, challenging the narrative of crypto as a risk-on amplifier.
Bitcoin and Ethereum ETFs Face Continued Outflows Amid Stock Market Rally
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