Bitcoin ETFs just pulled in $2 billion in 8 days while short-term holders quietly started selling
Burns Brief
Spot bitcoin ETFs logged their first 8-day inflow streak since October, but on-chain profit-taking is already running at 3x the rate that has marked every local top this year The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $BTC for reaction — a decisive move above or below key levels will confirm the next trend.
Spot bitcoin ETFs logged their first 8-day inflow streak since October, but on-chain profit-taking is already running at 3x the rate that has marked every local top this year.
Key Takeaways
- Spot bitcoin ETFs logged their first 8-day inflow streak since October, but on-chain profit-taking is already running at 3x the rate that has marked every local top this year