Galaxy says bitcoin is in accumulation phase as BTC ETFs draw $286M in two days
- —BTC trades near $80,642, down 3.5% in a month vs ETH -12.4% and SOL -14.5%
- —US spot bitcoin ETFs drew $110.3M on Oct. 26 and $176M on Oct. 27
- —Ethereum ETFs bled $148.8M over the same two sessions
- —Galaxy: BTC has held above its 50-week moving average for five weeks
Why it matters: Steady inflows into bitcoin ETFs while Ethereum funds bleed signal institutions are rotating into BTC as a relative safe haven.
Source: Blockmedia