Bitcoin ETF inflows and large holder flows have shown signs of increasing demand for BTC. Despite this, market sentiment remains cautious, with uncertainty about a potential major retracement or price push above $100,000 before December ends.
Market sentiment continues to slide away from greed but remains relatively stable in terms of sell pressure. Traders are uncertain about whether Bitcoin will experience a major retracement or if it could push above $100,000 before the end of December. The latest Bitcoin activity suggests that demand is recovering slowly, as shown by positive ETF inflows and increasing large holder flows .
However, the current market sentiment remains cautiously optimistic with a slight dip in bullish enthusiasm, as indicated by the fear and greed index. Open interest in derivatives has also declined, signaling a reduced demand for Bitcoin in this segment
Bitcoin ETF Inflows Large Holder Flows Market Sentiment $100 000 Target December 2023
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