ETFs outflows raise Bull Trap fears for Bitcoin

The fresh, sharp withdrawals from US crypto exchange-traded funds (ETFs) have revived concerns that Bitcoin’s rebound rally might just fade out now. However, some traders are signalling that the rally could prove to be a short-lived bull trap. BTC ETFs recorded a sell-off for the second consecutive day. More than $348 million flew out from […] source: https://www.cryptopolitan.com/etfs-outflows-raise-bull-trap-fears-for-bitcoin/