Bitcoin: No Longer 'Long Only' ???
👇1-13) Year-to-date, Bitcoin ETF inflows stand at just +$225 million—and they could turn negative at any moment as the ongoing uncertainty surrounding Trump’s trade war continues to ripple through financial markets.
Bitcoin ETFs are on track for their third consecutive month of outflows.
As we highlighted in early February, much of the initial ETF inflows were driven not by outright demand but by arbitrage-focused hedge funds.
👇2-13) Recent flow data has primarily confirmed this view.
However, a new class of buyers has also emerged—one that has had a meaningful impact on the market.
The key question now is whether this buyer is returning—and if so, does that justify a broadly bullish outlook?
👇3-13) Full report: https://update.10xresearch.com/p/bitcoin-no-longer-long-only
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