Bitcoin ETF inflows decline from +18K to -1K, signaling weaker demand. Can BTC sustain momentum, or is a deeper correction ahead?
BTC’s price hovered around $97K at press time but faced resistance near the 50-day MA.The latest data showed that U.S. Bitcoin ETFs, which saw purchases of over 18,000 BTC in early November, were now recording net outflows, with a drop of -1,000 BTC.
Historically, strong ETF inflows have been a key driver of Bitcoin’s bullish trends, fueling buying pressure and pushing prices higher. The gradual reduction in ETF buying activity, coupled with net outflows, indicates that institutional investors are either taking profits or waiting for better entry points.Technical indicators show cautionThe 50-day moving average stood at $98,512.84, while the 200-day moving average was positioned at $97,764.64, highlighting potential resistance ahead.
If ETF demand continues to decline, BTC may face difficulty sustaining its position above $97,000 and could see further pullbacks.ability to sustain its current levels will largely depend on whether ETF inflows stabilize or continue to decline. If institutional demand picks up again, BTC could regain bullish momentum.
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