Over $160 million flows out of the US spot BTC ETF market

[Terraform Labs Co-Founder Do Kwon's Claim for S$19.4 Million Payment on Singapore Luxury Property Rejected] According to a report by Jinse Finance, Singaporean media revealed that Terraform Labs co-founder Do Kwon had set his sights on a S$38.8 million penthouse on Orchard Road in Singapore five months before the collapse of the cryptocurrency he launched. He paid approximately S$19.4 million (50% of the purchase price) as an option fee and subsequent payment. However, the transaction was not completed. It is reported that after Do Kwon's legal troubles, the property developer confiscated the substantial sum. Do Kwon, a South Korean national, argued that the confiscation was invalid and entrusted his wife to file a claim with the Singapore High Court, but the claim was dismissed by Justice Philip Jeyaretnam. Additionally, Do Kwon and the Luna Foundation Guard were sued by 366 investors in the Singapore International Commercial Court this May, facing claims of approximately $66 million to $90 million.

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Bitget DOT/USDT's perpetual trading volume surged 17 times within 10 minutes, with a turnover of 21.73 million US dollars in the past 24 hours, an increase of 2.24% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

According to AiCoin monitoring, a large amount of funds flowed out of the US spot BTC ETF market yesterday, with a net outflow of up to $160 million. Among them, IBIT was the largest outflow, with a daily net outflow of $63.2 million; Next is BITB, with a total of 49.6 million US dollars. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only