๐ Did you know?
American Spot Bitcoin ETFs currently hold 1.3 million BTC โ that's about 6โ7% of the entire Bitcoin supply.
What this means:
๐ If there's an ETF outflow โ BTC price drops
๐ If there's an ETF inflow โ BTC price rises
In the past 2 weeks, over $2B has flowed out of ETFs.
This is the main reason BTC prices are tanking.
Keep an eye on ETF flows โ they can signal price movements ๐ก
#bitcoin n #BitcoinETFs! #BTCโ #CryptoFacts #CryptoWolf_MM
โ ๏ธ This is not investment advice.
American Spot Bitcoin ETFs currently hold 1.3 million BTC โ that's about 6โ7% of the entire Bitcoin supply.
What this means:
๐ If there's an ETF outflow โ BTC price drops
๐ If there's an ETF inflow โ BTC price rises
In the past 2 weeks, over $2B has flowed out of ETFs.
This is the main reason BTC prices are tanking.
Keep an eye on ETF flows โ they can signal price movements ๐ก
#bitcoin n #BitcoinETFs! #BTCโ #CryptoFacts #CryptoWolf_MM
โ ๏ธ This is not investment advice.