If Bitcoin ETFs Are Buying, Who Is Selling? Top Analyst Answers
Summary
Bitcoin has faced bearish momentum despite spot ETF buying. Long-term holders (LTHs) selling and paper BTC, derivatives not involving actual tokens, have impacted the market. Coin Days Destroyed (CDD) metric shows LTHs selling during price spikes. Paper BTC inventory rise coincides with market slowdowns. Bitcoin's price is currently at $65,300 after briefly reaching $66,000.
