Bitcoin Holds Above $84,000 Despite Largest ETF Outflows Since June
Photo: Blockchain Reporter
US spot Bitcoin exchange-traded funds shed roughly $680 million last week, their largest weekly outflow since June, yet Bitcoin held above $84,000 on Monday as falling oil prices lifted risk assets, according to CoinDesk . The gap between institutional fund selling and a resilient spot price is the defining feature of the market right now, and it raises a direct question: if ETF investors are trimming exposure, who is absorbing the supply? The short answer is a macro reprieve that has so far outweighed fund de-risking.
Source: Blockchain Reporter
