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07/17 06:24

Bitcoin ETF inflows explode $970 mln: Will BTC rid

Bitcoin ETF inflows explode $970 mln: Will BTC ride this wave to more gains?

Institutional inflows spike, but weakening fundamentals raise questions about Bitcoin’s short-term strength.

Institutional appetite for  Bitcoin [BTC]  has resurfaced, with ETFs pulling in over $970M in just three days—reversing weeks of capital outflows. 
This sharp rebound in inflows coincides with Bitcoin trading at $104,750.20 after a 2.67% daily drop. 
The capital influx during a price dip suggests renewed conviction among large investors. While this trend may ignite optimism, broader market sentiment remains conflicted.

The Exchange Stablecoin Ratio currently sits at 5.69 after falling by 3.34%, reflecting shrinking spot buying power. 
A lower stablecoin presence on exchanges often signals reduced liquidity for immediate purchases, weakening short-term upside potential. 
This decline could counteract bullish .

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