BTC tapped $81K, then got slapped back. The tape isn't the real story.
US spot bitcoin ETFs just logged a seventh straight day of net inflows — $337.56M on Aug 24, ~$2.5B over the week, the strongest ETF week since October (CoinDesk, The Block). It lined up with roughly $3B in short liquidations in two days.
That's not a fading squeeze — it's real capital deploying while shorts got carried out. Treasury doubling its long-dated bond buybacks pushed liquidity into risk, and BTC took its highest bid since May. ETH is riding the same ETF flow.
The level traders are watching is $81K — today's high and the wall that just rejected. Reclaim it and the move has room; lose $78K and the late longs get tested.
$BTC $ETH
Strong enough inflows to break $81K, or is this the local top?
#Write2Earn #Bitcoin #ETFFlows #CryptoNews
Not financial advice. DYOR.
US spot bitcoin ETFs just logged a seventh straight day of net inflows — $337.56M on Aug 24, ~$2.5B over the week, the strongest ETF week since October (CoinDesk, The Block). It lined up with roughly $3B in short liquidations in two days.
That's not a fading squeeze — it's real capital deploying while shorts got carried out. Treasury doubling its long-dated bond buybacks pushed liquidity into risk, and BTC took its highest bid since May. ETH is riding the same ETF flow.
The level traders are watching is $81K — today's high and the wall that just rejected. Reclaim it and the move has room; lose $78K and the late longs get tested.
$BTC $ETH
Strong enough inflows to break $81K, or is this the local top?
#Write2Earn #Bitcoin #ETFFlows #CryptoNews
Not financial advice. DYOR.
