Bitcoin’s $90K Push Stalls as ETF Buying Slows Near Breakeven: Bitfinex Analysts
9 Articles
9 Articles
Bitcoin’s $90K push stalls as ETF buying slows near breakeven: Bitfinex analysts
Bitcoin’s push toward $90,000 has stalled below $87,722 as weekly U.S. spot ETF inflows have fallen from $2.39 billion to $241.1 million, according to Bitfinex analysts. Bitfinex Alpha reported in its Oct. 5 market update that Bitcoin’s recovery needs fresh…
Between 28 September and 2 October, US cash FTEs recorded only $241.1 million in net inflows. At the same time, the futures market reduces its leverage effect. These movements now place ETF flows and several price levels at the centre of future market developments, while investors closely monitor future price movements. The Bitcoin article: Entry into FTEs falls by 90% in a week appeared first on Cointribune.
Can Bitcoin Price Reach $100K In October? ETF Flows And Spot Demand Hold The Key
Bitcoin slipped below $84,000 after failing to hold its recent rally, leaving traders split on whether October can still deliver a push toward $100,000. Analysts say ETF inflows, stronger spot demand and upcoming U.S. inflation data will shape the next move.
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Cryptocurrency News | Cryptocurrency Prices | Market CapBitcoin Struggles to Break Higher as ETF Demand Weakens: Bitfinex Alpha
The latest data shows weaker ETF demand and lower leverage, with key levels now likely to shape Bitcoin’s next move.
Bitcoin Struggles Below $87,000 Despite Rising Whale Accumulation
Bitcoin is consolidating below recent highs as repeated rejections near $87,000 limit the recovery. Large holders continue to accumulate Bitcoin, while about 40,000 BTC has left Binance in the past two weeks. However, cooling ETF flows, elevated Treasury yields, and monetary-policy uncertainty are keeping traders cautious.
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