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Whales pull back, ETF buys for three consecutive weeks: Has the BTC supply-demand inflection point arrived?
The selling pressure from BTC whales weakens while ETFs see continuous net inflows, indicating a shift in the supply-demand structure. On-chain data shows the trend of whales net depositing BTC to exchanges has ended after lasting more than three months since summer, concluding in late August, with subsequent capital flows remaining negative; transfers of addresses holding over 1 BT
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