Bitcoin is struggling to hold its June range floor after $390 million left US spot $BTC ETFs last week, according to Wintermute’s newest market update. The trading firm says falling rate-hike odds have failed to lift $BTC, while ETF redemptions and miner selling have left the market without a strong source of fresh demand. ETF
The trade that used to set the tempo for the entire crypto market has gone numb. Bitcoin’s price swings have compressed to a cycle low, but the speculative energy has not disappeared. According to the original report from CoinDesk, traders who once depended on Bitcoin’s chaos are now chasing setups where a 5x or 10x