ETF outflows hitting circulating supply dynamics harder than people realize, that redemption pressure is real float leaving. Bitfinex longs holding doesn't offset that unless demand absorbs the newly liquid supply somewhere.
Longs holding firm while ETF money walks out the door, until price actually breaks something meaningful, this is just noise.
Yeah I'm already eyeing that sell button like an idiot, I know I know, classic me.
ETF outflows hitting circulating supply dynamics harder than people realize, that redemption pressure is real float leaving. Bitfinex longs holding doesn't offset that unless demand absorbs the newly liquid supply somewhere.