Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Quite impressive to have a huge green candle yesterday.
The ETF inflows is close to zero and the outflows (GBTC) is high.
Shows the stupidity of people I guess, when prices were soaring, people were buying ETFs like crazy. Now, a week later when BTC is cheaper, they are nowhere to be seen..
The ETF inflows is close to zero and the outflows (GBTC) is high.
Shows the stupidity of people I guess, when prices were soaring, people were buying ETFs like crazy. Now, a week later when BTC is cheaper, they are nowhere to be seen..
Wasn't expecting that, would of thought inflows were positive based on the buying pressure. 3.8K Bitcoin is a fair amount of corn to scoop up from ETFs. Reclaiming $69K will likely bring back the ETF volume imo though, this would help to nullify the fake-out ATH scenario with a bullish weekly wick. Either that or $68K get's confirmed as a resistance level for the time being. This is otherwise the first real test of short-term resistance since $40K levels based on cloud, MAs and volume, so I can understand with the hesitancy from ETF investors on this one, given they quite clearly aren't in the market to buy dips.