Bitcoin is nearing $85,000. Over the next three days, I lean upward.
My view is: over the next 72 hours, it’s more likely to trend up, but the conviction is limited—we’ll need fresh buy-side demand to step in.
Bitcoin rose 0.65% over the past 24 hours. One reason to believe it can continue pushing higher is the funds that entered the market via ETFs last week.
Farside data shows that from September 21 to 25, U.S. spot Bitcoin ETFs recorded net inflows for five straight trading days, totaling about $2.386 billion, with no missing figures in the current on-book data. In plain terms, money entering through these products has been consistently coming in more than it has been leaving, which is a positive signal.
My view is: over the next 72 hours, it’s more likely to trend up, but the conviction is limited—we’ll need fresh buy-side demand to step in.
Bitcoin rose 0.65% over the past 24 hours. One reason to believe it can continue pushing higher is the funds that entered the market via ETFs last week.
Farside data shows that from September 21 to 25, U.S. spot Bitcoin ETFs recorded net inflows for five straight trading days, totaling about $2.386 billion, with no missing figures in the current on-book data. In plain terms, money entering through these products has been consistently coming in more than it has been leaving, which is a positive signal.