Analysts: ETF inflows provide buying support for Bitcoin

Timothy Misir, Head of Research at BRN, stated that ETF inflows have provided the first meaningful buying support in recent days, helping Bitcoin maintain its position within the fragile sideways accumulation range of $84,000 to $90,000. "The inflows have started to provide support, but they are not yet decisive," Misir said. He noted that on-chain pressure remains high, with approximately one-third of the Bitcoin supply still operating at a loss. "Long-term holders and institutions are still selectively increasing their holdings, while the recent sell-off has primarily come from short-term holders." Furthermore, Misir also mentioned that macroeconomic signals remain complex—including the US Producer Price Index (PPI) meeting expectations—leaving the Federal Reserve's policy path unclear. (The Block)