Let the data speak: $BTC 82138.01 (24h +1.22%)
Now, the news: Bitcoin spot ETFs saw net inflows of $5.0551 million yesterday, with BlackRock’s IBIT leading the pack at $16.7857 million.
It’s not uncommon for prices to open higher and then fall on the day good news breaks. Don’t jump to conclusions based on the headline alone. To judge whether a news item has had an impact, I only compare price and volume movements before and after it.
Now, the news: Bitcoin spot ETFs saw net inflows of $5.0551 million yesterday, with BlackRock’s IBIT leading the pack at $16.7857 million.
It’s not uncommon for prices to open higher and then fall on the day good news breaks. Don’t jump to conclusions based on the headline alone. To judge whether a news item has had an impact, I only compare price and volume movements before and after it.