institutions bought. price shrugged)
$2.31 billion into spot bitcoin ETFs in four days. $999M of it on Sep 21 alone, the biggest intake in about 11 months
and $BTC is -2.8% over 24h
the pump before it wasn't buyers anyway. Alice Liu at CoinMarketCap called the run to $87,000 "the unwinding of bearish positioning". shorts covered, and once they were done nobody was left to chase
ETF money is slow money. it doesn't chase candles
that makes a floor, not a rocket
and the floor moves. the same funds bled $450.4M on Sep 15, two days before the streak started. I'll post the next batch of flows when it lands, follow if you want to see which way it flips
#SpotBitcoinETFsInflow$2.31BInFourDays
$2.31 billion into spot bitcoin ETFs in four days. $999M of it on Sep 21 alone, the biggest intake in about 11 months
and $BTC is -2.8% over 24h
the pump before it wasn't buyers anyway. Alice Liu at CoinMarketCap called the run to $87,000 "the unwinding of bearish positioning". shorts covered, and once they were done nobody was left to chase
ETF money is slow money. it doesn't chase candles
that makes a floor, not a rocket
and the floor moves. the same funds bled $450.4M on Sep 15, two days before the streak started. I'll post the next batch of flows when it lands, follow if you want to see which way it flips
#SpotBitcoinETFsInflow$2.31BInFourDays
