Crypto
BTC at $67K, ETF Outflows 11-Day Record, Open Interest at 773K BTC
Bitcoin broke below $70,000 to $67,250 with US spot ETF outflows hitting a record 11-session streak totaling $3.45 billion. Open interest sits at roughly 773,000 BTC, multi-year high.
MCO's structural read on crypto has been clear, the higher-degree top is in and the correction is ongoing. A counter-trend rally is still possible from here but high open interest plus accelerating outflows means leverage hasn't washed out yet. The path of least resistance stays lower until that flushes, and the dollar bid plus tightening backdrop keeps the regime hostile.
BTC at $67K, ETF Outflows 11-Day Record, Open Interest at 773K BTC
Bitcoin broke below $70,000 to $67,250 with US spot ETF outflows hitting a record 11-session streak totaling $3.45 billion. Open interest sits at roughly 773,000 BTC, multi-year high.
Sources
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