Glassnode: Institutional Bitcoin inflows cooling off, Spot ETF sees 7-day average net outflow for the first time

BlockBeats News, March 31st, Glassnode released analysis stating that the 7-day simple moving average net inflow of the US Bitcoin spot ETF has turned negative from the beginning of last week, with recent daily net outflows ranging from 200 to 500 BTC. Although the outflow volume is not large, it has continued to exist. This is a more discreet signal indicating that at the current Bitcoin price level, institutional buying interest and demand confidence are still somewhat hesitant.