Bitcoin fell below $70,000, with liquidations and ETF outflows applying pressure at the same time.
The Crypto.news weekly roundup covered this latest move. In the same week, Coinbase announced it had secured approval for a federal trust bank, while the New York Stock Exchange (NYSE) chose Avalanche infrastructure. The price pullback and institutional developments occurred within the same time frame, but the source does not establish a causal link between them, so they can only be viewed as three separate developments.
· Liquidations and ETF redemptions are cited as sources of price pressure, but their specific scale was not disclosed.
· Coinbase’s trust bank approval and the NYSE’s adoption of Avalanche are both institutional infrastructure moves.
Are you more interested in BTC liquidation data or changes in ETF inflows and outflows?
$BTC
The Crypto.news weekly roundup covered this latest move. In the same week, Coinbase announced it had secured approval for a federal trust bank, while the New York Stock Exchange (NYSE) chose Avalanche infrastructure. The price pullback and institutional developments occurred within the same time frame, but the source does not establish a causal link between them, so they can only be viewed as three separate developments.
· Liquidations and ETF redemptions are cited as sources of price pressure, but their specific scale was not disclosed.
· Coinbase’s trust bank approval and the NYSE’s adoption of Avalanche are both institutional infrastructure moves.
Are you more interested in BTC liquidation data or changes in ETF inflows and outflows?
$BTC
