K33: Bitcoin outflows are heavy, but low leverage limits the downside
Originaltitel (Norwegisch): Bitcoin presses av rekordstore uttak
Exchange-traded bitcoin products saw net outflows of 10,064 bitcoin in five days, the largest since 15 September, as bitcoin fell from USD 86,000 to below USD 80,500, according to K33's weekly report as covered by Investornytt. K33's head of analysis attributes the fall mainly to a broader flight from risk. According to K33's weekly report, open positions in perpetual futures are at a five-month low, which makes forced liquidations unlikely, and K33 still considers bitcoin attractively priced with limited downside.