Written by Marcel Pechman, Staff WriterReviewed by Ray Salmond, Staff EditorSpot Bitcoin ETF inflows top $471M but BTC is pinned under $70K: Here’s why1 hour agoBitcoin ETF inflows hit $471 million, but stress on digital asset treasuries, selling from miners, and the war in Iran are keeping BTC stuck below $70,000. Listen0: 00 Cointelegraph in your social feed Key takeaways: BTC failed to hold $70,000 despite strong ETF inflows as selling by public miners offset recent institutional buying. Options markets reflect high demand for downside protection as a 17% put premium signals cautious sentiment. Bitcoin (BTC) failed to sustain Monday’s $70,000 level despite $471 million in net inflows into US-listed spot exchange-traded funds (ETFs). The market’s initial excitement faded following reports that multiple US and Israeli aircraft and equipment were destroyed during a military operation in Iran over the weekend. Since the S&P 500 remained relatively flat between Friday and Tuesday, Bitcoin’s inability to maintain bullish momentum likely stems from other factors. The US-listed Bitcoin ETFs recorded $471 million in net inflows on Monday, the highest in over five weeks; however, the trend for the preceding two weeks remained muted, signaling a lack of conviction. Part of traders’ concern stems from recent Bitcoin sales by publicly listed miners. Bitcoin miner and digital asset treasury companies put BTC under pressureMARA Holdings (MARA US) reportedly transferred 250 BTC on Tuesday, according to Lookonchain data.
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