Bitcoin shows signs of recovery with strong ETF inflows, despite long-term holder sales and a declining hash rate. This suggests a potential market bottom, though slow growth is expected in the short term.

Key Insights

  1. After a tough week, Bitcoin is starting to recover, experiencing a smaller price dip than the previous week.

  2. ETF inflows remain strong, despite overall market weakness.

  3. Long-term Bitcoin holders appear to be selling, as indicated by recent movements from ten-year-dormant wallets.

  4. The Bitcoin hashrate is declining, signaling a possible market bottom as miners adjust the difficulty.

  5. Although the outlook is positive, the market is expected to grow slowly over the next 2-3 months.



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