Crypto ETFs are returning to shopping, but prices continue to fall.
🟠 On Thursday, for the first time in many days, bitcoin ETFs showed an inflow of 1840 BTC due to IBIT and Greyscale Bitcoin Mini Trust purchases, and Ethereum ETFs increased by almost 13,000 ETH, but this is still not enough.
📉 The price of bitcoin has dropped to $86,600, and ETH to $2815. At the same time, traders' positions worth $900 million were liquidated in 24 hours.
As the CryptoQuant report notes, even in bear markets, prices can rise by 40-50% in a few months, but now that the price of bitcoin is below the 365-day moving average, the level of $102.6 thousand becomes a strong price resistance.
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