ETF absorbs billions of dollars, why is Bitcoin still stuck?
US spot Bitcoin ETF recorded inflows of about US$2.65 billion over five sessions, but BTC is still hovering around the US$84k area. At the same time, the yield on US 10-year Treasuries rose above 5.2%, making bonds more attractive for investors.
This becomes an interesting test for institutional demand. Purchases via the ETF are substantial, but Bitcoin still can’t break free because pressure from the bond market remains strong.
For traders, the battle is clear now. Is ETF demand strong enough to offset high yields?
Follow Menjadi Trader for more market updates.
NFA, DYOR.
#Bitcoin #BTC #BitcoinETF #crypto #menjaditrader
US spot Bitcoin ETF recorded inflows of about US$2.65 billion over five sessions, but BTC is still hovering around the US$84k area. At the same time, the yield on US 10-year Treasuries rose above 5.2%, making bonds more attractive for investors.
This becomes an interesting test for institutional demand. Purchases via the ETF are substantial, but Bitcoin still can’t break free because pressure from the bond market remains strong.
For traders, the battle is clear now. Is ETF demand strong enough to offset high yields?
Follow Menjadi Trader for more market updates.
NFA, DYOR.
#Bitcoin #BTC #BitcoinETF #crypto #menjaditrader
