✉news BusinessCrypto first seen 6 h ago, last 5 h ago, peak #29
Bitcoin Struggles Below $85,000 as ETF Buying Offsets Whale Selling
Original: Bitcoin Churns Below $85,000 as ETF Inflows and Whale Selling Engage in Tug-of-War
Bitcoin is trading below $85,000, caught between steady inflows into spot exchange-traded funds and selling pressure from large holders, or whales. Commentators describe the market as a tug-of-war, with institutional demand via ETFs absorbing coins sold by big wallets, leaving the price moving sideways without a clear direction.
Why now: Bitcoin's stagnant price below a key level amid competing ETF inflows and whale selling is drawing attention from crypto traders.
Bitcoinspot Bitcoin ETFsBitcoin whales
Evidence
- Bitcoin Churns Below $85,000 as ETF Inflows and Whale Selling Engage in Tug-of-War · finance.biggo.com
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