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Oil falls 19 percent in May and bitcoin ETFs lose $700 million, Layah Heilpern notes

Oil falls 19 percent in May and bitcoin ETFs lose $700 million, Layah Heilpern notes
Bitcoin ETF outflows mount as oil drops

Layah Heilpern, owner and host of The Layah Heilpern Show, highlights that oil prices have declined by 19 percent in May.

She contrasts this drop with ongoing outflows from bitcoin ETFs, noting another $700 million has exited these investment vehicles despite previous optimism that falling oil prices and U.S. Federal Reserve rate cuts would support bitcoin's price. Heilpern suggests the crypto market may be approaching a volatile phase with lower lows ahead.

Earlier this year, Heilpern drew attention to Polymarket pricing a 65-71% chance that bitcoin would fall below $55,000 before year end. She has also discussed how recent crypto bear market conditions are creating new opportunities for investors. These observations add context to her current views on rising volatility.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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