The cryptocurrency market is heading into the weekend with a calm course. The leading crypto Bitcoin is struggling to maintain the 64 thousand dollar level. Altcoin projects also have a generally stagnant outlook, with exceptions. In this environment, DWF Labs, one of the giant market makers, announced its decision to list 8 new altcoin pairs on the over-the-counter market.
These 8 altcoin pairs have entered the list of DWF Liquid Markets!
As you have been following on Kriptokoin.com, market structure DWF Labs is often on the agenda with its crypto investments. In addition, DWF Labs is also working to expand its institutional-level OTC trading platform. In this context, it announced that it has added trading pairs for 8 altcoins on its OTC platform, DWF Liquid Markets. These altcoins are: TokenFi (TOKEN), Symbiosis (SIS), Xai (XAI), bitsCrunch (BCUT), Clearpool (CPOOL), beable (BBL), Nakamato Games (NAKA) and World Mobil Token (WMT). In this context, DWF Labs made the following announcement:
We have great news for our investors. New listings are now available on DWF Liquid Markets. The available trading pairs are:
TOKEN/USDT, SIS/USDT, XAI/USDT, BCUT/USDT, CPOOL/USDT, BBL/USDTN, AKA/USDTW and MT/USDT.
The relationship between Bitcoin’s price and ETF outflows is weakening
Recently, outflows from Bitcoin exchange-traded funds (ETFs) have increased significantly. Despite this, the leading cryptocurrency is trading above $64,000. Market data shows that the total daily net outflows of US-listed ETFs totaled $217 million. This brings the total outflow so far this week to $244.49 million. According to JPMorgan, the correlation between Bitcoin ETF prices and inflows has weakened. Accordingly, it has fallen from a high of 0.84 in January to 0.60 in recent assessments. Therefore, this suggests that the alignment between BTC prices and spot ETF flows has diminished.
Given its size, the exit from Grayscale’s converted Bitcoin ETF (GBTC) is of particular interest to traders. Data from SoSoValue shows that since Monday, GBTC experienced an outflow of $417 million last week. However, BTC prices have seen an increase despite this. According to GoinGlass, liquidation data has also been fairly flat. In this context, $60 million worth of liquidations took place in the last 24 hours. Of this $60 million, BTC accounted for $13.48 million. In addition, $6.17 million of long positions were liquidated to about $7 million of shorts.
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