🤖AI Summary
Bitcoin has stabilized around $70k with improving ETF flows and reduced sell-side pressure. However, muted spot trading volume and overhead supply indicate that stronger demand is required for a sustainable recovery.
Key Takeaways
- →Bitcoin price has found stability around the $70,000 level.
- →ETF flows have shown improvement, providing positive momentum.
- →Sell-side pressure has decreased, reducing downward price pressure.
- →Spot trading volume remains muted, indicating limited market participation.
- →Overhead supply exists that could limit upward movement without stronger demand.
Read Original →via Glassnode Insights
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