The cryptocurrency market is heading into the weekend on a calm note. Leading crypto Bitcoin is struggling to maintain the $64,000 level. Altcoins 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 parities in its over-the-counter market.
These 8 altcoins have made it to DWF Liquid Markets’ list!
cryptokoin.comAs you can follow from , market structure DWF Labs comes to the fore with its frequent crypto investments. In addition, it is also working to expand DWF Labs’ institutional-level OTC trading platform. In this context, it announced that it added trading pairs for 8 altcoins on DWF Liquid Markets, an OTC platform. 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. The new listings are now available on DWF Liquid Markets. 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
Outflows from Bitcoin exchange-traded funds (ETFs) have increased significantly recently. Despite this, the leading cryptocurrency is trading above $64 thousand. Market data shows total daily net outflow of U.S.-listed ETFs is $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 fell from a high level of 0.84 in January to 0.60 in the latest evaluations. Therefore, this indicates that the alignment between BTC prices and spot ETF flows is decreasing.
Given its size, the exit from Grayscale’s transformed Bitcoin ETF (GBTC) is of particular interest to traders. Data from SoSoValue shows that as of Monday, GBTC experienced an outflow of $417 million last week. However, BTC prices saw an increase despite this. According to GoinGlass, liquidation data is also quite flat. In this context, liquidation of $ 60 million took place in the last 24 hours. BTC constituted $13.48 million of this $60 million. Additionally, long positions of $6.17 million were liquidated to shorts of approximately $7 million.
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