Hedges are off, shorts are closed, and ETF flows have flipped positive.
Hedges are off, shorts are closed, and ETF flows have flipped positive. What $BTC needs now is confirmation at the Short-Term Holder Cost Basis at $69k; rejection there puts the lower demand shelf back in play. Read the full Week On-Chain report👇
The excerpt is quoted from a public Telegram channel, which owns its text.