US spot Bitcoin ETFs recorded $730.9 million in net inflows on Thursday, marking their strongest daily intake since January, according to Cointelegraph. The inflows came as Bitcoin reclaimed the $80,000 level. Despite the sizeable ETF activity, CryptoQuant cautioned that underlying fresh demand remains weak. The analytics firm also identified $83,000 as a key level for Bitcoin to test next. The combination of renewed ETF buying and Bitcoin’s move back above $80,000 highlights stronger market participation, while CryptoQuant’s assessment points to a need for additional demand to support further gains. The figures relate to US Bitcoin ETFs and Bitcoin’s price action on Thursday.
Source
Cointelegraph
This is an original Moneyiar brief based on the cited source.
Read original source ↗
