Markets· ★★★· bearish·

Galaxy: Bitcoin net absorption down 127,300 BTC year-to-date as old coins reactivate

  • —Metric equals spot ETF inflows plus corporate treasury additions minus reactivated coins idle over 5 years
  • —The gauge is down roughly 127,300 BTC year-to-date as of Oct. 18
  • —Cumulative US spot bitcoin ETF inflows stand at about $355 million year-to-date
  • —ETFs saw a slight net outflow in October
Why it matters: Selling from long-dormant wallets is outweighing institutional demand, capping bitcoin's upside.
#BTC
Source: TokenPost
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