BTC keeps hanging around $80K despite ETF outflows. Is…
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BTC keeps hanging around $80K despite ETF outflows. Is that actually bullish?
BTC has been hovering around the $76K–$79K area, and honestly I expected a little more weakness given what ETF flows have looked like lately.
Spot BTC ETFs saw roughly $460M in net outflows over the past week, but price is still hanging around instead of really breaking down.
That makes me wonder if the more interesting signal here isn’t the outflows themselves, but how BTC is reacting to them.
If sellers are getting absorbed around these levels, holding $78K–$79K and eventually reclaiming $80K could be a pretty constructive sign.
On the other hand, if $80K keeps acting as resistance while ETF outflows continue, this might just be distribution before another leg lower.
I’m basically watching two things now:
* Can BTC reclaim and actually hold above $80K?
* Do ETF flows start turning positive again?
How do you think? Is BTC showing strength here, or are buyers just slowly getting exhausted?
#cryptocurrency
BTC has been hovering around the $76K–$79K area, and honestly I expected a little more weakness given what ETF flows have looked like lately.
Spot BTC ETFs saw roughly $460M in net outflows over the past week, but price is still hanging around instead of really breaking down.
That makes me wonder if the more interesting signal here isn’t the outflows themselves, but how BTC is reacting to them.
If sellers are getting absorbed around these levels, holding $78K–$79K and eventually reclaiming $80K could be a pretty constructive sign.
On the other hand, if $80K keeps acting as resistance while ETF outflows continue, this might just be distribution before another leg lower.
I’m basically watching two things now:
* Can BTC reclaim and actually hold above $80K?
* Do ETF flows start turning positive again?
How do you think? Is BTC showing strength here, or are buyers just slowly getting exhausted?
#cryptocurrency
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