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Analyst: Institutional Buying Pressure Absorbing Short-Term Selling, Needs to Hold $70K and Sustain Inflows to Continue Uptrend

2 hours ago

March 26th — Cryptocurrency analyst Axel has released a new report detailing that U.S. and global Bitcoin ETFs recorded a net inflow of 62,986 BTC (roughly $11.3 billion) over the past 30 days (February 24 to March 25), pushing their total holdings to 1.327 million BTC. Over the same period, short-term Bitcoin holders continued realizing losses on exchanges, with average daily inflows into loss positions hitting 15,500 BTC. Axel noted that institutional buying pressure has outpaced retail selling pressure, providing price support—but the market is showing divergence: short-term participants are still selling at a loss, while ETF funds are gradually absorbing supply. For the uptrend to continue, Bitcoin needs to hold above $70,000 and ETF inflows must remain positive.
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