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Crypto 656

07/11 12:32

Bitcoin: Despite $11B ETF inflows, BTC stalls belo

Bitcoin: Despite $11B ETF inflows, BTC stalls below $110K – Reasons? 

  • Selling pressure from long-term holders and whales has kept BTC muted above $100K. 
  • Still, VC Chamath Palihapitiya boldly projected BTC could hit $500K by October.  

Is Bitcoin [BTC] price being suppressed?

This has been the question across Crypto Twitter as members struggle to grasp how the price has remained range-bound at $100K-$110K despite massive ETF inflows and treasury frenzy. 

In Q2 alone, ETF inflows surged to nearly $11 billion while Metaplanet, Strategy, Twenty One Capital, and other treasury firms announced millions and billions worth of BTC buys1751306472318.png

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