Bitcoin’s price should target THIS weekly close to cement multi-month trend shift

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Between September 17th and 25th, Spot Bitcoin ETF net flows totaled $2.88 billion, pushing year-to-date flows into positive territory. Bitcoin’s price rallied 10.26% during this period, and a weekly session close above the May swing high at $82,850 would confirm a bullish trend shift on higher timeframes. Despite the $351.6 million Bitget hack and U.S-Iran tensions, cumulative exchange netflows reached negative 31,400 BTC (approximately $2.6 billion) between September 22nd and 25th, including 12,500 BTC withdrawn in a single hour on September 22nd. Long-term holder realized profits stood at 72%, a moderate level consistent with bear market trends, suggesting these investors are not in a rush to sell.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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