✉news BusinessCrypto first seen 3 d ago, last 3 d ago, peak #20
Bitcoin's V-Shaped Recovery to $84K Backed by Spot Buyers
Original: Bitcoin’s ‘V-Shape Recovery’ To $84K Gets A Boost From Spot Buyers, But ETF Investors Keep Selling
Bitcoin has staged a V-shaped recovery back to around $84,000, with analysts pointing to spot market buyers as the main force behind the rebound. However, the rally faces a headwind: investors in spot Bitcoin exchange-traded funds continue to sell, pulling money out even as spot demand pushes prices higher. Market watchers are weighing whether sustained spot buying can offset the ongoing ETF outflows and keep the recovery going.
Why now: Bitcoin's sharp price rebound combined with conflicting signals between spot buying and ETF selling has caught traders' attention.
Evidence
- Bitcoin’s ‘V-Shape Recovery’ To $84K Gets A Boost From Spot Buyers, But ETF Investors Keep Selling · Stocktwits
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