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Bitcoin Stalls Below $110K Despite $11B ETF Inflows and Heavy Selling

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Source: AMBCrypto
Bitcoin Stalls Below $110K Despite $11B ETF Inflows and Heavy Selling
Photo: AMBCrypto
TL;DR

Despite nearly $11 billion in ETF inflows and significant institutional buying, Bitcoin's price remains range-bound below $110K due to selling pressure from long-term holders and whales, with some large OTC transactions not impacting the market price. Analysts suggest that while demand is high, the offloading by long-term holders and whale activity are keeping the price subdued, although some believe a squeeze higher could still occur, with optimistic forecasts like Chamath Palihapitiya's predicting a $500K BTC by October.

Topics:businesscryptocurrency#bitcoin#btc#cryptocurrency#etf-inflows#long-term-holders#price-suppression
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  1. Bitcoin: Despite $11B ETF inflows, BTC stalls below $110K – Reasons?  AMBCrypto
  2. Bitcoin price stuck as OGs are ‘dumping on Wall Street’: Analyst  Cointelegraph
  3. Bitcoin Price Not Being Suppressed, Selling by Long-Term Holders, Checkmate Says  CoinDesk
  4. Analysts Debate Why Bitcoin Price Stays Flat Despite Billions in Buys  Bitbo
  5. Ihtisham_Ul Haq(@iihtishamm)'s insights  Binance

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