Bitcoin's price has been on a steady rise, hovering near $72,500 as U.S. spot bitcoin ETFs logged about $155 million in net inflows on Wednesday, extending a two-week run of roughly $1.47 billion in new allocations. This influx of institutional money has stabilized the market, with some investors increasingly viewing bitcoin as a viable investment option. However, on-chain data from Glassnode shows buy-side momentum weakening, with realized profits down sharply and only about 57 percent of bitcoin supply in profit, a level historically linked to early bear market conditions.
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Bitcoin tops $72,000 as ETFs pull $155 million, extending two week inflow streak
Bitcoin ETFs attract $155 million in inflows, while Sky token surges 10% after governance vote, as A16z eyes fifth crypto fund.
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Bitcoin's price has been on a steady rise, hovering near $72,500 as U.S. spot bitcoin ETFs logged about $155 million in net inflows on Wednesday, extending a two-week run of roughly $1.47 billion in new allocations....
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