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Wintermute: Bitcoin Range Breakout Delayed by ETF Outflows and Miner Selling
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BITRSSWintermute: Bitcoin Range Breakout Delayed by ETF Outflows and Miner Selling
Bitcoin is struggling to hold its June range floor after $390 million left US spot BTC ETFs last week, according to Wintermute’s newest market update. The trading firm says falling rate-hike odds have failed to lift BTC, while ETF redemptions and miner selling have left the market without a strong source of fresh demand. ETF Flows Fail to Sustain Bitcoin’s August Recovery As Wintermute pointed out, July CPI came in at 0.1% month-on-month, cuttin…
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