You are currently viewing 3 reasons why Bitcoin hitting $38.5K marked the ‘ETF dip’

Bitcoin is witnessing changing tides when it comes to ETF flows after a turbulent first two weeks — can BTC price strength recover?

Bitcoin (BTC) saw two-month lows this week, but evidence suggests that the BTC price bottom may be in.

Data from Cointelegraph Markets Pro and TradingView continues to track an ongoing bounce on BTC/USD after a trip to $38,500.

Dust is settling on the first two weeks’ trading of the United States’ first spot Bitcoin exchange-traded funds (ETFs). Outflows from the Grayscale Bitcoin Trust (GBTC) appear to be cooling, and optimism over a general reduction in institutional selling pressure is slowly rising.

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