Bitcoin Exchange Inflows and ETF Outflows Create 34,000 BTC Selling Pressure; BTC Holds at $77,800

BTC-0.64%
According to ChainCatcher, analyst Axel Adler Jr. reported that Bitcoin exchange inflows and spot ETF outflows are creating selling pressure on the market despite BTC rebounding above $77,000. Over the past week, Bitcoin exchange net inflows reached approximately 18,000 BTC, signaling transfers to platforms ahead of potential sales. Simultaneously, U.S. spot Bitcoin ETFs saw net outflows of roughly 16,000 BTC, combining to form approximately 34,000 BTC in potential selling pressure. Glassnode data shows spot Bitcoin ETF daily trading volume has fallen below $20 billion, down from over $50 billion at the end of 2025. BTC rebounded to $77,800 after dipping below $75,000, with data indicating short covering rather than fresh buying drove the move. For BTC to challenge $80,000, sustained spot demand alongside derivative market growth would be required.
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