Bitcoin Rally Leverage Rises as ETF Inflows Hit 85K Peak
Summary :
US spot Bitcoin ETFs recorded $999 million in net inflows on September 21 and $714.7 million on September 22.
Futures open interest increased approximately 7% over the past month with annualized funding rates holding near 8%.
Bitfinex market data places the primary concentration of recent spot buying between $85,000 and $86,500.
Corporate treasury adviser Wojciech Kaszycki identifies $90,000 as a heavy resistance zone where trapped holders may break even.
Five-day ETF net inflows reached $2.65 billion through September 23 despite market pullbacks from $87,392 highs.
https://bitnxt.io/crypto-news/bitcoin-rally-leverage-etf-inflows
#Bitnxt
Summary :
US spot Bitcoin ETFs recorded $999 million in net inflows on September 21 and $714.7 million on September 22.
Futures open interest increased approximately 7% over the past month with annualized funding rates holding near 8%.
Bitfinex market data places the primary concentration of recent spot buying between $85,000 and $86,500.
Corporate treasury adviser Wojciech Kaszycki identifies $90,000 as a heavy resistance zone where trapped holders may break even.
Five-day ETF net inflows reached $2.65 billion through September 23 despite market pullbacks from $87,392 highs.
https://bitnxt.io/crypto-news/bitcoin-rally-leverage-etf-inflows
#Bitnxt
