btcflows

It's kind of wild, isn't it? We keep seeing these huge ETF inflows and strategic buying, yet $BTC is hanging out at price levels we haven't really seen in over a year. What's the deal with that?

Ki Young Ju, the CEO over at CryptoQuant, dropped some insights that make a lot of sense. He's pointing to a massive behind-the-scenes transfer of Bitcoin happening right now, basically moving from one set of hands to another.

Think about it: since early 2023, ETFs and other big strategies have collectively bought up more than 1.24 million $BTC . Under normal circumstances, that kind of consistent demand should have absolutely propelled the market much higher. Instead, there's clearly been enough selling pressure to completely soak up all that institutional buying.

#Bitcoin #CryptoAnalysis #OnChain #BTCFlows