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Bitcoin ETFs hit $20B milestone as price remains stuck in downtrend

Bitcoin price remains in a seven-month downtrend despite the record ETF net flows.

*Bitcoin ETF net flows. Source: Eric Balchunas*
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daum3ns 1y ago

How is this possible?

#bitcoin #asknostr

nostr:nevent1qqsd5sghy06jy9snnnl76klu47sv9ez0c07qrwe6z7g3c2l6zsafmngppemhxue69uhkummn9ekx7mp0qgsx0zdp2u6aftrukyeedtze5z7usymgqygmnh620leyj73kfjrflwgrqsqqqqqpzvcdvs

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tulkooo 1y ago

• They buy OTC so lesser impact on price

• However we can clearly see their demand is reflexted in price in the last few days

• There can be a big seller at the same time

• Maybe lots of paper bitcoin on exchanges