Two supply signals hit Bitcoin at the same time last week:


1) +18K BTC flowed onto exchanges
2) US spot ETFs saw -16K BTC in outflows
Together, that is roughly 34K BTC of local pressure.
ETF demand did not absorb the exchange inflow. It added to the pressure.
☕️ Morning Brief #176 breaks down what needs to flip before BTC rebounds stop looking vulnerable. 👇
BTC1.25%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned