Bitcoin (BTC-USD, Financial) extended its decline on Tuesday, falling 6.99% to $89,096.7 at 07:34 AM ET, as investor sentiment weakened following heavy outflows from U.S. Bitcoin ETFs and a drop in the CME futures premium.
On Monday, U.S. spot-listed Bitcoin ETFs saw their second-biggest outflows of the year, with $516.4 million withdrawn, according to Farside data. This marked the ninth net outflow in 10 days, reflecting growing uncertainty around Bitcoin, which had previously traded in a narrow range between $94,000 and $100,000 for most of the month.
Adding to the pressure, Bitcoin's CME annualized basis—the difference between spot prices and futures contracts—dropped to 4%, slipping below the risk-free rate of 5% for the first time. This signals waning institutional demand for the cash-and-carry trade, a strategy where investors profit from price mismatches between spot and futures markets. Bitcoin hit a low of $88,250 earlyTuesday, breaking out of its three-month trading channel, as institutional investors reassess their exposure amid shifting market dynamics.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。