#Bitcoin #Binance #DeFi #BTC☀️ #btc70k

BTC fell to the $54,000 level on Monday, but recovered to $57,000 on Friday. Bitcoin’s price drop started last week and coincided with Mt. Gox commencing repayments to customers in Bitcoin and Bitcoin Cash and the U.S. and German governments sending $738 million worth of Bitcoin to exchanges over the last two weeks.

Yet, a record net inflows into ETFs — the highest in a single month — suggests that institutional investors are using the recent dip to accumulate Bitcoin, a sentiment seeming to be echoed by retail investors, as the number of new Bitcoin addresses reached a new high.

More details below.