It's not just bitcoin ETFs. Corporate BTC buying has dried up too
Hex37's read
- Bitcoin ETF outflows are a major concern for demand.
- Corporate Bitcoin buying has also significantly decreased.
- This dual weakness is impacting the overall Bitcoin market.
What it means for traders
- Reduced institutional and corporate demand suggests potential for further price consolidation or decline in BTC.
- Traders may consider shorting BTCUSDT or looking for bearish signals in the short term.
Affected markets
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