Bitcoin held on exchanges has been steadily decreasing since the introduction of U.S. Bitcoin ETFs on January 10, with approximately 250,000 BTC leaving the exchanges. There has been a consistent outflow of funds from Bitcoin ETFs over the past six days. Market sentiment remains positive as consolidation around the previous cycle's all-time highs is seen as bullish. Bitcoin's price struggled to stay above $64,000, with fluctuations between $63,868 and $64,495 per unit in recent trading sessions.
Consolidation around previous cycle All-Time Highs before the massive run starts #Bitcoin $BTC https://t.co/wQk0uEp3BE
π§΅On Sunday at 4 p.m. EDT on June 23, #bitcoin (BTC) struggled to maintain its position above the $64,000 mark, fluctuating between $63,868 and $64,495 per unit over the past day. In the last six sessions of spot bitcoin exchange-traded fund (ETF) trading, each day saw outflows.
$BTC/usdt WEEKLY The current $BTC weekly is a mirror image of the previous cycle's daily when both consolidated just below the previous cycles' all time highs. Remarkable. https://t.co/4fh10k7O3l https://t.co/RJh7Y0Tj9Y
$BTC/usdt DAILY (Nov-Dec 2020) Well, well, well, what do we have here, would argue this is an ascending triangle pattern last bull cycle when $BTC consolidated for a few months just below its previous cycle's all time high before blasting off to outer space and leaving all the⦠https://t.co/WhYwOF83vy https://t.co/vZhCDv3Lc2
$BTC/usdt 4 hr What 4 months of mind numbing, boring AF consolidation looks like ... And there's nothing bearish about it, in fact, what's more bullish than consolidation below all time high resistance, it just is what it is. LFG $BTC ππ https://t.co/LEhl8zZguf
$BTC/usdt 4 hr ππ what 4 months of mind numbing, boring AF consolidation looks like ππ And there's nothing bearish about it, in fact, what's more bullish than consolidation below all time resistance, it just is what it is. LFG $BTC ππ https://t.co/2hPD7Vamd9
Why is Wall Street selling? Bitcoin ETF outflows π https://t.co/lF8A2qYgMS
The outflow of funds from Bitcoin ETFs continued for six days. https://t.co/Y1sGYUdBJD https://t.co/brKNHRxMww
Consolidation around previous cycle All-Time High is incredibly bullish #Bitcoin $BTC
Bitcoin held on exchanges continues to drop steadily π U.S. Bitcoin ETFs started trading on January 10. Since then, approx 250,000 BTC has left the exchanges https://t.co/rYiPhJGhmH