Bitcoin ETFs inflows reach $500m but ‘crypto will need some time to recover’ – DL News
- Analysts say liquidity remains tight despite long-term bullish targets.
- Institutions see dip as opportunity.
Bitcoin is struggling to regain momentum.
The top crypto slipped 5% to around $108,100 early on Wednesday after approaching $114,000 on Tuesday. The drop came even as US spot Bitcoin exchange-traded funds recorded nearly $500 million in inflows on October 21, according to SoSoValue data.
The price action reflects a market still caught between structural optimism and a lingering liquidity crunch, Annabelle Huang, founder of blockchain infrastructure firm Altius, told DL News.
“Crypto will need some time to recover from the crash on October 10,” Huang said. “Collectively, more than $20 billion was lost. That’s not something you…
