Picture of the author

Crypto Express

06/14 07:37

Can traditional and spot investors save Bitcoin?



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.
40383FB2-12A4-401E-9D0F-34C06F7DC293-768x273.png

#Post To Earn Bonus#Share Your Thoughts on Popular Assets in June#Claim1,200 USDT in the Monthly Creation Challenge
26Share

All Comments0LatestHot

avatar
LatestHot