📉 Bitcoin ETFs: Strong Inflows, Then a Sudden Reversal
Institutional demand for Bitcoin is facing a new test.
U.S. spot Bitcoin ETFs recorded around $635.6 million in outflows on October 22, followed by another $137.9 million on October 23. That reversed much of the optimism created by earlier inflows.
Bitcoin also briefly dropped below $80,000 over the weekend before recovering.
💭 Two days of outflows don't automatically mean a long-term bearish trend, but they are worth watching. The next few trading sessions could tell us whether institutional buyers are returning or staying cautious.
I wouldn't rush into a trade based on ETF numbers alone. Price action matters too.
💬 Do you think Bitcoin can recover above $81K, or could selling pressure continue?
#Bitcoin #BTC #BitcoinETF #CryptoMarket #BinanceSquare
Institutional demand for Bitcoin is facing a new test.
U.S. spot Bitcoin ETFs recorded around $635.6 million in outflows on October 22, followed by another $137.9 million on October 23. That reversed much of the optimism created by earlier inflows.
Bitcoin also briefly dropped below $80,000 over the weekend before recovering.
💭 Two days of outflows don't automatically mean a long-term bearish trend, but they are worth watching. The next few trading sessions could tell us whether institutional buyers are returning or staying cautious.
I wouldn't rush into a trade based on ETF numbers alone. Price action matters too.
💬 Do you think Bitcoin can recover above $81K, or could selling pressure continue?
#Bitcoin #BTC #BitcoinETF #CryptoMarket #BinanceSquare