💵 ETFs are buying three times more BTC than miners are producing.
Financial analyst Tedtalksmacro noted a renewed interest among investors in spot BTC ETFs in the US.
📈 Over the past week, the inflow of funds approached $1 billion — the best performance since March. Funds acquired 21,700 BTC ($1.5 billion) in a month. This is three times more than the new BTC mined by miners.
The volume of BTC available for purchase on major exchanges is also the lowest since 2017. According to CryptoQuant, the figure stands at 1,918,417 BTC.
💬 According to analysts, considering this trend, it is becoming increasingly difficult to maintain a bearish outlook on Bitcoin. 🔥
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