✉news BusinessCrypto first seen 14 h ago, last 12 h ago, peak #14
Bitcoin ETFs absorb $2.4B as exchange balances plunge
Original: Bitcoin ETF inflows of $2.4B tighten supply as exchanges lose 35,800 BTC in a single week
Bitcoin ETFs pulled in $2.4 billion in inflows while exchange holdings dropped by 35,800 BTC in a single week, tightening available supply. Market watchers say the combination of strong institutional demand and shrinking exchange reserves could add upward pressure on the price, with traders watching whether the supply squeeze continues into next week.
Why now: Large ETF inflows combined with a sharp one-week drop in exchange-held Bitcoin point to a supply squeeze that traders expect could push prices higher.
Evidence
- Bitcoin ETF inflows of $2.4B tighten supply as exchanges lose 35,800 BTC in a single week · TradingView
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