Bitcoin ETFs Bought ~28,000 BTC in 5 Days. Miners Made ~3,150
US spot $BTC ETFs pulled in $2.39B last week, positive every single session. In coins, not dollars:
~28,200 BTC → absorbed by ETFs at ~$84.5K average
-3,150 BTC mined in a full 7-day week
~9x→ ETF demand vs new supply
25,000 BTC in one week Strive's entire treasury. ETFs beat it
Who did the buying:
IBIT $1.16B, ~49% of the week
FBTC $701.6M, ~29%
ARKB→ $294.7M, ~12%
Everyone else ~$230M, with Bitwise's BITB
even seeing an outflow on Friday
BlackRock and Fidelity alone took 78% of the flow. The ETF market is basically a two-horse race now.
Yet $BTC went $81.2K $87.36K $83K. Nine times the new supply got absorbed and price still gave back half the move. That means the selling came from existing holders taking profit into the ETF bid, and that bid is the only reason the pullback stopped at $83K instead of lower.
#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#UKFCAWinsCourtOrderToRecover851400Pounds
US spot $BTC ETFs pulled in $2.39B last week, positive every single session. In coins, not dollars:
~28,200 BTC → absorbed by ETFs at ~$84.5K average
-3,150 BTC mined in a full 7-day week
~9x→ ETF demand vs new supply
25,000 BTC in one week Strive's entire treasury. ETFs beat it
Who did the buying:
IBIT $1.16B, ~49% of the week
FBTC $701.6M, ~29%
ARKB→ $294.7M, ~12%
Everyone else ~$230M, with Bitwise's BITB
even seeing an outflow on Friday
BlackRock and Fidelity alone took 78% of the flow. The ETF market is basically a two-horse race now.
Yet $BTC went $81.2K $87.36K $83K. Nine times the new supply got absorbed and price still gave back half the move. That means the selling came from existing holders taking profit into the ETF bid, and that bid is the only reason the pullback stopped at $83K instead of lower.
#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#UKFCAWinsCourtOrderToRecover851400Pounds
