This BTC move is quite interesting. The US-China trade talks have reached a framework agreement, US stocks have hit new highs, but Bitcoin is still dragging its feet—a weekly gain of 5.4%, is that it?
The key issue is: the money hasn’t really flowed in. Last week, only $943 million entered the crypto market, hitting a multi-month low. Net inflows to exchanges were just 2,775 BTC, the quietest state. Meanwhile, long-term holders are selling—over 39,000 BTC were dumped last week, which is usually a signal of a bull-to-bear transition.
Spot ETFs and DATs aren’t doing much either; they were suppos
The key issue is: the money hasn’t really flowed in. Last week, only $943 million entered the crypto market, hitting a multi-month low. Net inflows to exchanges were just 2,775 BTC, the quietest state. Meanwhile, long-term holders are selling—over 39,000 BTC were dumped last week, which is usually a signal of a bull-to-bear transition.
Spot ETFs and DATs aren’t doing much either; they were suppos
BTC-1,01%