Markets· ★★★· neutral·

CryptoQuant: Bitcoin spot demand weakens while ETF reserves climb to 1.32M BTC

  • —Bitcoin futures open interest fell nearly 10%, from $28.8B to $26B
  • —ETF reserves grew from 1.24M BTC in July to 1.32M BTC in October
  • —US spot Bitcoin ETFs drew $3.08B over nine trading sessions
  • —Binance BTC reserves dropped from 704,800 to 663,100 in 15 days
Why it matters: The gap between weak spot demand and rising ETF holdings shows institutional flows are propping up the market, with $69,000 the key level for medium-term buyers.
#BTC
Source: BeInCrypto RU
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