Bitcoin traders back in profit even as price slows alongside spot BTC ETF inflows
Despite this week’s Bitcoin price sell-off, the rally to $68,000 put short-term traders back in profit and onchain metrics remain bullish.
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Despite this week’s Bitcoin price sell-off, the rally to $68,000 put short-term traders back in profit and onchain metrics remain bullish.
Bitcoin’s price surged to a new one-month high near $67,000 as a variety of bullish factors converged to push cryptocurrencies higher.
Bitcoin price displayed surprising strength after various market participants absorbed over 48,000 BTC that the German government sold.
Multiple Bitcoin price metrics point to an incredibly bullish “post-halving growth trajectory.”
Bitcoin whales have become accumulators again, but analysts say BTC is still at risk of another sharp correction.
Investors have piled into Bitcoin ETFs over the last three trading days, but it wasn’t enough to offset Germany’s BTC selling spree.
