Bitcoin (BTC) Weakens as Corporate Treasury Buying Slows and ETF Flows Turn Negative
Photo: TokenPost
Bitcoin (BTC) weakened in October as corporate treasury additions slowed and U.S. spot Bitcoin exchange-traded funds (ETFs) posted slight net outflows, while coins dormant for more than five years returned to circulation. Alex Thorn, Galaxy Research's head of research, linked October's weakness to slower corporate Bitcoin treasury additions and slight net outflows from U.S. spot funds. The measure combines net spot ETF inflows and corporate treasury additions, then subtracts Bitcoin that had been inactive for more than five years before returning to circulation. It stood at about negative 127,300 BTC for the year through Oct.
Source: TokenPost
