Between October 13 and October 17, Bitcoin ETFs saw significant net outflows. Analysts from Bitfinex believe this decline could make sustaining support levels at 107,000 USD to 108,000 USD increasingly difficult.
Bitcoin is currently priced at 108,864 USD, although it briefly surged past 113,000 USD earlier this week. Bitfinex analysts suggest any further ETF inflow weakness could prolong Bitcoin’s price consolidation.
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