$BTC đi ngang throughout September, spot ETFs still see net outflows of $2.7 billion
BTC price has been hovering in the $82,560–86,910 area since late September to this morning, without breaking any level in either direction.
The spot Bitcoin ETF fund in the US continued to see a total net inflow of $2.7 billion throughout September, according to The Block. Many individual sessions in the month were positive, with one standalone day nearly reaching $1 billion.
Price has not moved as much as the amount of institutional money flowing in. That’s what makes traders’ short-term direction harder to predict right now.
For long-term BTC holders, the steady ETF inflow is still more trustworthy than a one-off green candle.
What to watch: if ETF flows remain positive while the price stays flat for another few weeks, buying pressure is building up, waiting for a breakout.
Personal observation only, not investment advice
#BTC #Bitcoin #ETF #Crypto
Support me by placing an order through here 👇
BTC price has been hovering in the $82,560–86,910 area since late September to this morning, without breaking any level in either direction.
The spot Bitcoin ETF fund in the US continued to see a total net inflow of $2.7 billion throughout September, according to The Block. Many individual sessions in the month were positive, with one standalone day nearly reaching $1 billion.
Price has not moved as much as the amount of institutional money flowing in. That’s what makes traders’ short-term direction harder to predict right now.
For long-term BTC holders, the steady ETF inflow is still more trustworthy than a one-off green candle.
What to watch: if ETF flows remain positive while the price stays flat for another few weeks, buying pressure is building up, waiting for a breakout.
Personal observation only, not investment advice
#BTC #Bitcoin #ETF #Crypto
Support me by placing an order through here 👇
