Net inflows into BlackRock’s Bitcoin ETF are consistently hitting record lows. If this persists, a price dump is likely.long-term holders , understood to be the cohort holding the asset for at least six months, become a widely-discussed topic during a bull market. This is because they target this phase for profit-taking after quietly accumulating during the bear market.
Indeed, daily inflows into the $15 billion-strong Bitcoin investment fund have been on a downhill after peaking earlier in the month, according to AMBCrypto’s analysis of This meant that despite a sharp drop in their holdings, LTH didn’t have to deposit their coins to exchanges, unlike the previous bull cycles.However, decreasing inflows to BlackRock suggested that demand was weakening. The researcher noted,
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