🔗 Crypto & Blockchain

Bitcoin ETFs Gobble $471M—Price Goes Nowhere

ETFs are feasting on Bitcoin. Miners are force-feeding it back out. Price? Stuck.

Bitcoin price chart showing stall below $70K with ETF inflow bars and miner sell icons

⚡ Key Takeaways

  • Spot Bitcoin ETFs saw $471M inflows Monday, highest in 5+ weeks, but BTC failed to hold $70K. 𝕏
  • Public miners like MARA and Riot are selling BTC to manage debt and pivot to AI, offsetting institutional buys. 𝕏
  • Options market shows 17% put premium, reflecting downside protection demand amid cautious sentiment. 𝕏
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Originally reported by Cointelegraph

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