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Bitcoin Selling Pressure Weakens as U.S. Spot ETFs Draw in $506M
๐คAI Summary
Bitcoin selling pressure has weakened as U.S. spot ETFs attracted $506M in inflows, marking the first demand rebound since November. The positive shift is further confirmed by Coinbase premium turning positive, indicating renewed institutional and retail interest.
Key Takeaways
- โU.S. spot Bitcoin ETFs recorded $506M in inflows, signaling strong institutional demand.
- โBitcoin demand has rebounded for the first time since November, breaking a multi-month trend.
- โCoinbase premium has flipped positive, indicating increased buying pressure in the U.S. market.
- โSelling pressure on Bitcoin appears to be weakening amid renewed investor interest.
- โThe ETF inflows suggest institutional adoption continues to drive Bitcoin market dynamics.
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