Bitcoin is facing diminished demand after spot bitcoin ETF inflows turned negative, a development that could weigh on price in the near term. Five straight days of net outflows from spot ETFs have removed a key source of demand for the cryptocurrency.
Moving forward, investors will closely monitor ETF inflows and outflows as a gauge of demand. A reversal in spot ETF flows could offer a buffer for bitcoin, while continued outflows may keep the price trajectory under pressure.
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