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Glassnode: Bitcoin selling pressure has eased, institutional demand is still in a testing phase
Glassnode published an analysis on platform X, stating that the outflow trend of btc-42">Bitcoin spot ETF funds has stabilized. The 14-day net flow trend has turned upward, indicating that as Bitcoin breaks through $70,000, selling pressure is easing. Institutional demand is still in a tentative stage, but early signs of reaccumulation are emerging.
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