Bitcoin rebounded after falling to a four-month low on Coinbase, climbing back above $BTC 65,000 dollars. This Coinbase low was 0.94% below Saturday’s low earlier that day. The Defiant also noted that U.S. spot Bitcoin ETFs have seen net outflows for seven consecutive trading days. A short-term recovery above this level does not mean ETF flows have turned positive; for now, these remain two separate things. The next two things to watch are whether the Coinbase low is breached again and when the streak of net ETF outflows ends. My approach is to first see whether price and volume can sustain the move, and not rush to chase a single headline.
