The rise of BTC to a record was driven by a strong influx of capital from both spot ETFs and spot demand. Over the last 30 days, more than $62.9 billion has entered the market, with BTC dominating the inflows.

Long-term holders have started selling: from October 8 to November 13, 128,000 BTC were sold.

American spot ETFs played a key role, absorbing about 90% of the selling pressure from long-term holders during the analyzed period. This underscores the growing importance of ETFs in maintaining liquidity and stabilizing the market. #BTC #etf

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