BITCOIN WHALES ACCUMULATE AS OUTFLOWS FROM US SPOT ETFs REACH $744.3 MILLION
Bitcoin whales increased their holdings to 3.03 million BTC ahead of the US September inflation report. Spot Bitcoin ETFs recorded net outflows of $568.6 million over seven consecutive sessions.
Inflation is expected to rise to 3.6%, which could continue to fuel selling pressure, while lower-than-expected figures could encourage funds to return to the market.
Bitcoin whales increased their holdings to 3.03 million BTC ahead of the US September inflation report. Spot Bitcoin ETFs recorded net outflows of $568.6 million over seven consecutive sessions.
Inflation is expected to rise to 3.6%, which could continue to fuel selling pressure, while lower-than-expected figures could encourage funds to return to the market.