BTC sentiment, flows improve as Strategy sale fears ease and spot ETFs rebound

Bitcoin market sentiment and supply-demand conditions have improved as concerns over Strategy selling eased and spot ETFs resumed inflows, Bitfinex said.

Bitfinex said Strategy neither bought nor sold BTC last week and secured net proceeds and U.S. dollar reserves through common stock sales. That significantly reduced selling pressure tied to Strategy’s BTC holdings, the exchange said. Bitfinex added Strategy has indicated it plans to resume BTC purchases, while spot ETFs are posting their largest weekly net inflows since October last year, supporting an improvement in market flows.

Source: Coinness