BTC just ripped toward $80K.
But the interesting part isn't the pump.
ETF inflows hit ~$1.6B in 4 days, while $4.3B+ in crypto shorts got liquidated.
At the same time, BTC exchange netflow turned positive.
So we have two forces fighting:
Institutional demand absorbing supply
vs.
Whales potentially selling into strength.
My read: bullish, but not clean.
If ETF demand stays strong while exchange reserves fall and leverage cools, the move has legs.
If not, this was mostly a short squeeze.
Price tells you what happened.
Flows tell you why.
Follow For Next Part
— @Sulaiman Zero Hunter
#Bitcoin #BTC #OnChain #CryptoMarket #BitcoinETF
But the interesting part isn't the pump.
ETF inflows hit ~$1.6B in 4 days, while $4.3B+ in crypto shorts got liquidated.
At the same time, BTC exchange netflow turned positive.
So we have two forces fighting:
Institutional demand absorbing supply
vs.
Whales potentially selling into strength.
My read: bullish, but not clean.
If ETF demand stays strong while exchange reserves fall and leverage cools, the move has legs.
If not, this was mostly a short squeeze.
Price tells you what happened.
Flows tell you why.
Follow For Next Part
— @Sulaiman Zero Hunter
#Bitcoin #BTC #OnChain #CryptoMarket #BitcoinETF