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via Cointelegraph · By Cointelegraph Staff
Bitcoin ETF inflows may reshape its bear market correction: Analyst
BTC
BTC/USDT
$62,935.00
-0.36%
$62,935.00
-0.36%
(24s)24h Volume
$3,266,543,323.74
24h H/L
$63,390.00 / $62,754.00
Change: $636.00 (1.01%)
Long/Short
68.8%
Long: 68.8%Short: 31.2%
Funding Rate
+0.0028%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(01:49 PM UTC)
1 min read
Bitcoin (BTC) is currently down 36% from its all-time high at $126,000, but one analyst claims that BTC’s fourth bear market has “materially decoupled” from previous bearish cycles, due to exchange-traded fund (ETF) inflows and corporate BTC accumulation.
Bitcoin ETF flows and treasury buys may limit further downside
Bitcoin Bond Company CEO Pierre Rochard compared Bitcoin’s drawdowns across…
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