Bitcoin Price Warning: $530M ETF Inflow Could Lead to Profit Taking, Says Trader
Recent inflows of $530 million into Bitcoin ETFs, notably BlackRock’s IBIT, have sparked mixed Bitcoin price predictions.
While initially appearing bullish, historical patterns suggest these inflows may lead to profit-taking and increased market volatility, potentially causing a temporary price dip.
Recent large inflows into Bitcoin ETFs could signal a potential price dip. On July 23, Bitcoin ETFs experienced a significant inflow of $530 million, largely due to BlackRock’s $523 million investment.
Historically, such substantial inflows have often been followed by price sell-offs. This is typically caused by investors taking profits, selling some of their holdings to lock in gains, thus creating temporary downward pressure on the market.
Another large inflow day
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