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Crypto Macro

Bitcoin ETF Inflows 8 Days but BTC Fails to Hold $80K

US spot Bitcoin ETFs saw eight consecutive days of net inflows, absorbing billions from institutions, yet Bitcoin price repeatedly failed to break above $80,000. The divergence is attributed to basis trading by hedge funds, long-term holder and miner profit-taking, and options market maker gamma hedging, which offset the buying pressure.

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