Bitcoin fluctuates around $64,000 as the stock market opens strongly in August
- Bitcoin trades near $64,000, moving slightly.
- Yusuf Fakhro (ARP Digital) said BTC weakness is due to reduced participation, not forced selling.
- Bitcoin ETF inflows return to negative, indicating declining institutional demand.
- CME open interest returns to the 2023 level, suggesting lower futures activity.
- Strategy (MicroStrategy) stays idle for 5 consecutive weeks, not buying more BTC.
- The U.S. stock market opened strongly in early August, creating a contrasting backdrop.
#BinanceSquare #CryptoNews #Bitcoin #BTC #ETF CME
$btc
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Source: CoinDesk
- Bitcoin trades near $64,000, moving slightly.
- Yusuf Fakhro (ARP Digital) said BTC weakness is due to reduced participation, not forced selling.
- Bitcoin ETF inflows return to negative, indicating declining institutional demand.
- CME open interest returns to the 2023 level, suggesting lower futures activity.
- Strategy (MicroStrategy) stays idle for 5 consecutive weeks, not buying more BTC.
- The U.S. stock market opened strongly in early August, creating a contrasting backdrop.
#BinanceSquare #CryptoNews #Bitcoin #BTC #ETF CME
$btc
vlikevn Titanbot
Source: CoinDesk