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Net inflows into
$BTC
BTC ETF on Friday = $73,050,000 - SoSoValue 💸
Total inflows for the 4 days totaled $137,380,000
#SoSoValue
#Bitcoin❗
#inflows
#ETFvsBTC
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CryptoQuant: the number of $BTC on OTC wallets is the maximum since June 2022. Historically, an increase in the number of BTC on OTC wallets has been accompanied by a decline in the value of Bitcoin. OTC Bitcoin trading balances for miners have increased by more than 70% over the past three months, rising from 215,000 $BTC in June to 368,000 $BTC in August - an increase of 153,000 BTC. These balances haven't reached these levels since June 2022. Miners often resort to over-the-counter (OTC) transactions to sell Bitcoin, seeking better execution without affecting the market price as they would on exchanges. #BTC☀ #Miners #wallets #bitcoin☀️
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