Spot Bitcoin ETFs in the United States have just notched their 19th day of inflows. Traders explain why it hasn’t led to a surge in the price of Bitcoin.
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31 sats \ 0 replies \ @TheBTCManual 9 Jun 2024
I guess a lot of people are in the black or need the cash so they're selling into this ATH level pricing, maybe some funds want to reduce their bitcoin position and go speculate on the shitcoins, who knows?
I think the lack of new supply really only kicks in maybe next year
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34 sats \ 0 replies \ @JesseJames 9 Jun 2024
Education, it takes time. In the end it will be good for BTC not sure for ETF, they are still ruggable....
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13 sats \ 0 replies \ @SatsMate 9 Jun 2024
I think many older whales but also general traders are selling at these levels.
Also, don't forget the shorts and the paper bitcoin on exchanges. They can hold the price down for a while.
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0 sats \ 1 reply \ @0xIlmari 9 Jun 2024
Elon Musk is manipulating the market to hold the price at 69420.
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0 sats \ 0 replies \ @ch0k1 OP 9 Jun 2024
Xaxaxa
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0 sats \ 0 replies \ @harrr 9 Jun 2024
etfs flows at the peak were like 10% of the total market action, not super significant. Give it some time to grow.
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