Bitcoin MVRV crosses 365-day average as spot ETFs take in $999M in a day
- —Bitcoin MVRV crossed its 365-day moving average, echoing 2019 and 2023
- —US spot bitcoin ETFs logged $999 million in net inflows on September 21
- —IBIT took in $381.4 million, ARKB $289.1 million and FBTC $238.8 million
- —Glassnode: roughly $1.3 billion entered ETFs over five days after two weeks of outflows
Why it matters: The MVRV crossover and record daily ETF inflow point to recovering demand, but holding $84,000 is needed to confirm the trend.
Source: TokenPost