Spot ETFs of $BTC lost $430 million on Thursday and $412 million on Friday.
ETF outflows are read as distribution: funds returning coins to the market.
The price fell ~6%, but is still above $75,000. Someone is absorbing what they're letting go.
Capitulation or profit-taking? ⛵
#Bitcoin #ETF
ETF outflows are read as distribution: funds returning coins to the market.
The price fell ~6%, but is still above $75,000. Someone is absorbing what they're letting go.
Capitulation or profit-taking? ⛵
#Bitcoin #ETF
