Bitcoin Price Drop and Significant Bitcoin Spot ETF Inflows Amid Large BTC Sale

Bitcoin experienced a price drop after reaching $64,000, despite a large $213 million BTC sale by a strategy. Meanwhile, the Bitcoin Spot ETF saw a substantial net inflow of $265 million, indicating strong investor interest in the ETF despite the price volatility in Bitcoin itself.

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07-07
Crypto Daily | Bitcoin Drops After a Run at $64,000, Shrugging off Strategy's $213 Million BTC Sale; Bitcoin Spot ETF Sees $265 Million Net Inflow
Crypto Daily | Bitcoin Drops After a Run at $64,000, Shrugging off Strategy's $213 Million BTC Sale; Bitcoin Spot ETF Sees $265 Million Net Inflow

User Discussion

BTC: The Price is Off 50%, Why Nobody's Buying?

Everyone begged for a $Bitcoin(BTC.USD.CC)$ dip. It's here, 50% off, and nobody's buying. $Bitcoin(BTC.USD.CC)$ is back above 64k, up from the 58k low it tagged in June. It's sitting almost 50% under the October ATH near 126k; the exact discount everyone said they wanted. If bulls can push it back above 74k it'll signal a more risk-on environment for crypto and broader markets as a whole. If it stays under 74k crypto will continue to consolidate. If $Bitcoin(BTC.USD.CC)$ fades under 60k and trends towards 50k, it could trigger another larger selloff within crypto. Key Catalysts ETF flow reversal: S
BTC: The Price is Off 50%, Why Nobody's Buying?