source avatarecoinometrics

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Bitcoin’s recovery just got an important confirmation from ETF demand. • Bitcoin ETFs have now recorded six consecutive days of inflows. • Total ETF holdings are only about 37K BTC below their all-time high. • This rebound in holdings is much stronger than the failed recovery of May. Our take: Bitcoin’s move above $80K is backed by persistent demand instead of price momentum alone. That gives the current recovery a much stronger foundation.

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