$BTC Weekly Check: Price vs ETF Demand
BTC tagged roughly 87K this week before pulling back to around 83.8K. The part worth watching is the demand side. Spot BTC ETFs recorded net outflows of $484.9M on Oct 7 and $244.1M on Oct 8 (Farside data), followed by a small $21.1M inflow on Oct 9.
Price can hold for a while without a steady ETF bid, but the move gets more fragile. The weekly candle is still open, so any rejection stays unconfirmed until the close.
Scenario map: if flows turn positive again, the highs stay in play. If outflows continue, a retest of this week's low near 80.4K becomes more likely. These are conditions to track, not predictions.
Verify first. Risk later. Scale slowly...
#Bitcoin #BTC #ETFFlows
BTC tagged roughly 87K this week before pulling back to around 83.8K. The part worth watching is the demand side. Spot BTC ETFs recorded net outflows of $484.9M on Oct 7 and $244.1M on Oct 8 (Farside data), followed by a small $21.1M inflow on Oct 9.
Price can hold for a while without a steady ETF bid, but the move gets more fragile. The weekly candle is still open, so any rejection stays unconfirmed until the close.
Scenario map: if flows turn positive again, the highs stay in play. If outflows continue, a retest of this week's low near 80.4K becomes more likely. These are conditions to track, not predictions.
Verify first. Risk later. Scale slowly...
#Bitcoin #BTC #ETFFlows