BREAKING
352d 4h ago

Bitcoin ETF Demand Slows But Remains Positive: Insights from CryptoQuant CEO Ki Young Ju

BTC

BTC/USDT

$71,336.87
-6.79%
24h Volume

$44,848,329,419.30

24h H/L

$76,617.73 / $70,140.00

Change: $6,477.73 (9.24%)

Long/Short
77.9%
Long: 77.9%Short: 22.1%
Funding Rate

+0.0019%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$70,942.95

-3.04%

Volume (24h): -

Resistance Levels
Resistance 3$76,971.52
Resistance 2$74,594.61
Resistance 1$71,474.71
Price$70,942.95
Support 1$70,140.00
Support 2$66,407.06
Support 3$58,306.99
Pivot (PP):$71,474.71
Trend:Downtrend
RSI (14):20.9

According to COINOTAG News on February 20th, Ki Young Ju, the CEO of CryptoQuant, highlighted a noticeable decline in demand for Bitcoin ETFs, although the overall net inflow remains positive. Ju argues that the current bullish trend within the cryptocurrency market is likely to persist until there are evident outflows from ETF funds. He further explained that a consistent pattern of net outflows would signify the onset of a bearish market cycle. Emphasizing the critical nature of supply and demand, Ju remarked that these dynamics are significantly more influential than other prevailing factors, often regarded as mere market noise. Investors should keenly monitor these indicators, as they could provide essential insights into market movements and potential investment strategies amid a fluctuating landscape.

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