Bitcoin Demand Turns Negative: Why Spot Buyers Are Missing From the Rally
Bitcoin’s weak apparent demand shows that futures and positioning may be supporting price more than fresh spot accumulation.
Bitcoinist·
A large, unidentified holder sold roughly $1.3 billion worth of BlackRock’s spot Bitcoin ETF, IBIT, through a dark pool on Tuesday morning, in what ETF analysts described as an unusually large block trade. The sale stood out not only because of its size, but because the market appeared to digest it with little visible disruption. […]
Read full articleBitcoin’s weak apparent demand shows that futures and positioning may be supporting price more than fresh spot accumulation.
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