Bitfinex Says Bitcoin Needs $84,400 to Revive ETF Demand
Photo: Crypto Economy
TL;DR Bitfinex says Bitcoin needs to reclaim $84,400, near the estimated $84,358 average ETF cost basis, before institutional fund demand is likely to strengthen meaningfully. U.S. spot Bitcoin ETFs recorded $228.4 million in weekly net outflows, leaving the average ETF cohort about 2.6% underwater at current prices. Bitfinex sees $81,300 as the weekly range center, ... Read more
Source: Crypto Economy
