Long-term holders sold to ETF bid Long-term holders' supply fell by 50,017 BTC, about 13 times the 3,700 BTC bought by ETFs. The buying stopped on Thursday. BTC ETFs lost $780.0 million over two sessions, and spot sellers beat buyers by $208.7 million over three. Traders continued to pay for leverage. Funding rose about a quarter on the week, into the upper fifth of its 90-day range.

Long-term holders sold to ETF bid Long-term holders' supply fell by 50,017 BTC, about 13 times the 3,700 BTC bought by ETFs. The buying stopped on Thursday. BTC ETFs lost $780.0 million over two sessions, and spot sellers beat buyers by $208.7 million over three. Traders continued to pay for leverage. Funding rose about a quarter on the week, into the upper fifth of its 90-day range.