Bitcoin's Comeback Leaves A Bigger Question
-
Bitcoin (BTC-USD) finally managed to break out of its longest losing streak since 2018, but instead of clarity, it's leaving investors with a bigger question: is this the start of something, or just a pause?
Part of the optimism is coming from a noticeable shift in flows. March saw about $1.32 billion move into spot ETFs, snapping a 4-month stretch of outflows, and daily inflows have recently crossed $117 million. Big buyers are still active too, with Strategy continuing to add to its holdings. That's why some are watching the $72,600 level closely, a clean move above that could quickly push Bitcoin toward $80,000.
But there's another side to the story that's harder to ignore. Miners have been selling heavily, more than 15,000 BTC, to fund moves into AI, adding supply just as the market tries to stabilize. At the same time, ownership is getting more concentrated, with Strategy holding around 3.8% of supply. If demand cools even slightly, some think Bitcoin could slip back toward $50,000, especially if it breaks below $65,900.
source: https://www.tradingview.com/news/gurufocus:75f03c2d1094b:0-bitcoin-s-comeback-leaves-a-bigger-question/
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Regjistrohu Hyr