๐๐ง๐ ๐ฎ๐ฏ๐ผ๐๐ฒ $๐ด๐ฌ๐ โ ๐ฏ๐๐ ๐ถ๐ป๐๐๐ถ๐๐๐๐ถ๐ผ๐ป๐ ๐ฎ๐ฟ๐ฒ ๐ป๐ผ๐ ๐ณ๐๐น๐น๐ ๐ฏ๐๐น๐น๐ถ๐๐ต ๐๐ฒ๐.
CFTC data shows leveraged funds reduced their net short by ~7,275 BTC-equivalent, which removes some bearish pressure.
But asset managers also cut ~4,733 BTC-equivalent from their net longs.
ETF flows recovered strongly late in the week, yet the full week ended almost flat at just +$6.1M.
My view: $80K holding is positive, but I want to see sustained ETF inflows + rebuilding institutional longs before calling this a confirmed trend.
Would you trust the $80K move yet?
$BTC
CFTC data shows leveraged funds reduced their net short by ~7,275 BTC-equivalent, which removes some bearish pressure.
But asset managers also cut ~4,733 BTC-equivalent from their net longs.
ETF flows recovered strongly late in the week, yet the full week ended almost flat at just +$6.1M.
My view: $80K holding is positive, but I want to see sustained ETF inflows + rebuilding institutional longs before calling this a confirmed trend.
Would you trust the $80K move yet?
$BTC
