Bitcoin dips from $79,473 to $75,568 but holds support as ETFs absorb $1.92B amid mixed exchange activity.
Bitcoin's price fell from a high of $79,473 to $75,568 due to short-term selling pressure near the $80,000 psychological barrier, but it maintained support above $75,000. This pullback reflects profit-taking by short-term holders who moved 53,000 BTC to exchanges, especially Binance, without involvement from long-term holders. Despite this, U.S. Bitcoin ETFs attracted $1.92 billion in inflows over five days, showing strong investor demand that offsets some spot market selling. Continued ETF inflows will be crucial to sustain Bitcoin's rally and potentially push prices back toward the $80,000 level.
Bitcoin's price fell from a high of $79,473 to $75,568 due to short-term selling pressure near the $80,000 psychological barrier, but it maintained support above $75,000. This pullback reflects profit-taking by short-term holders who moved 53,000 BTC to exchanges, especially Binance, without involvement from long-term holders. Despite this, U.S. Bitcoin ETFs attracted $1.92 billion in inflows over five days, showing strong investor demand that offsets some spot market selling. Continued ETF inflows will be crucial to sustain Bitcoin's rally and potentially push prices back toward the $80,000 level.
What's Your Reaction?
