Interestingly, spot investors didn’t flinch. $150.70 million worth of BTC flowed into exchanges over 24 hours, while weekly accumulation crossed $651 million.
Traditional investors are also making moves.
At the time of writing, $86 million worth of Bitcoin was purchased across several Bitcoin spot ETFs, contributing to a cumulative $982 million in purchases over the past three days.
These large-scale buy-ins typically influence market sentiment positively and may eventually lead to a supply squeeze.
However, a significant market reversal—specifically a $3,000 recovery in Bitcoin’s price—seems unlikely before the Options expire.
If this reversal doesn’t occur, Bitcoin is likely to slide even lower.
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