⚡️ Funds Buy Back #Bitcoin

Despite the fact that BTC fell to a local minimum of $56,000 yesterday, large funds continued to accumulate, as evidenced by the inflow into the Bitcoin ETF, which amounted to $11.11 million. The Financial Post writes about the growth in demand for Bitcoin ETF , however, the liquidation of Long positions worth $178 million led to a drop in BTC to $56,000.

📊 The BTC perpetual futures funding rate was negative on August 14 and 15, a bearish reading. The indicator was bullish on June 8, when #BTC broke $72,000.

🗣 CNBC reports that “Wall Street interest continues to grow when it comes to Bitcoin ETFs.

🔼 Wall Street was on holiday on Thursday as the S&P500

closed up +2%, while leading stocks rose: Apple +1.35%, Amazon +4.4%, Tesla +6%, Meta +2%, indicating that investors are now willing to buy risky assets.