Bitcoin Outlook Improves as Exchange Inflows Stay Low, BlackRock IBIT Draws $557M
Bitcoin short-term outlook is improving as mid-sized investors are not sending large amounts of BTC to exchanges. At the same time, BlackRock’s spot Bitcoin ETF continues to see steady demand from institutional investors. CryptoQuant analyst Amr Taha revealed Bitcoin inflows from mid-size investors remain below, or close to, the levels seen on June 22. That reduces the likelihood of a sell-off similar to previous market corrections.