BTC was just above 82k
BTC was above 82k last week, and now we're around 78k. I know that's not a huge move in BTC terms but still feels pretty quick.
Then I saw the ETFs apparently had almost $1B coming in last week. So now I'm confused. Who's selling if people are still buying?
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Probably people who bought lower and are cashing some out. Doesn't necessarily mean they're bearish.
Yeah I get that part. I just didn't realize the ETF buying and people selling could basically happen at the same time.
I thought ETF inflows meant the price should go up 😭
Wait so the ETF number isn't really a “BTC bought this week = price should be higher” thing?