Director of Research at CoinShares: Most basis transactions have been closed, and the wave of selling is suspected to be fading
Crypto 7x24
2025-02-28 20:16:38
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On February 28, James Butterfill, director of research at CoinShares, posted on Platform X: "Although the total net outflow of bitcoin and digital assets ETP/ETFs this week has reached US$2.6 billion so far (a record high), it seems that most of the basis transactions have been closed and the wave of selling is fading."
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