Bitcoin ETFs Gobble $471M—Price Goes Nowhere
ETFs are feasting on Bitcoin. Miners are force-feeding it back out. Price? Stuck.
⚡ 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
Worth sharing?
Get the best Fintech stories of the week in your inbox — no noise, no spam.
Originally reported by Cointelegraph