$BTC sharply passed the $85 thousand mark thanks to large-scale institutional purchases and an inflow of funds into ETFs 💰💰💰
MAIN DRIVERS OF THE CNI 📈
1️⃣ Large corporate structures bought more than 2,300 BTC worth about $183 million, indicating strong institutional demand.
2️⃣ On spot ETFs, on September 18, a massive inflow of $433 million was recorded, reversing the previous outflow trend and adding structural buying pressure.
3️⃣ Liquidation of short positions: significant short positions held by market-makers came under pressure as prices rose above $85 thousand, strengthening the ongoing upward trend.
4️⃣ Technical breakout: BTC returned key moving averages and quickly broke through the $85 thousand mark; at the same time, the MACD expanded, and the RSI entered the overbought zone (>90).
#BTC☀ #BTCETFSPOT
MAIN DRIVERS OF THE CNI 📈
1️⃣ Large corporate structures bought more than 2,300 BTC worth about $183 million, indicating strong institutional demand.
2️⃣ On spot ETFs, on September 18, a massive inflow of $433 million was recorded, reversing the previous outflow trend and adding structural buying pressure.
3️⃣ Liquidation of short positions: significant short positions held by market-makers came under pressure as prices rose above $85 thousand, strengthening the ongoing upward trend.
4️⃣ Technical breakout: BTC returned key moving averages and quickly broke through the $85 thousand mark; at the same time, the MACD expanded, and the RSI entered the overbought zone (>90).
#BTC☀ #BTCETFSPOT
