Bitcoinist
2020-07-13 08:20:24

Analyst Sees Bitcoin in Months of Downtrend as Institutional Interest Dips

Institutional capital flow into Bitcoin has decreased since its last attempt to break above $10,000. The “lack of interest” has led to a concerning drop in the Chicago Mercantile Exchange’s (CME) Open Interest Money Flow index, according to analysts at Phi Deltalytics. The last two plunges of a similar scale followed at least three months of bearish correction. Bitcoin is losing its institutional clients, according to a technical indicator that measures the money flowing into […]

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