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Bitcoin pushed above $60,000 even as spot Bitcoin exchange-traded funds logged steady outflows and Federal Reserve rate-hike concerns kept a lid on enthusiasm.
The advance immediately raised a question that veterans of prior crypto cycles know well: who is buying here, and who is waiting to sell into them.
ETF Outflows Complicate the Bullish Read The most telling detail in this move is not the price — it is the direction of money inside the spot Bitcoin ETFs.
Steady outflows from those products mean that at least one significant buyer cohort is reducing exposure rather than adding to it, even as the headline number climbs.
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