The post Bitcoin ETF Inflows Hit $223M as Institutional Demand Grows appeared first on Coinpedia Fintech News
Bitcoin (BTC) price rallied more than 5 percent on Wednesday after rebounding from the crucial support range between $94.3k and $96.6k earlier this week. The flagship coin retested the prior all-time high (ATH) range of between $101,219 and $101,998 before slightly retracing to trade about $100,780 on Thursday, December 12, during the mid-London session.
The Bitcoin Futures Open Interest (OI) increased by 6 percent to hover about $62.8 billion at the time of this report. With the recent heavy daily liquidations in the leveraged market, Bitcoin’s funding rate has significantly declined to below the recent normal.
Bitcoin Whales Accumulates Relentlessly
The supply of Bitcoin on centralized exchanges has continued to decline sharply in the past year fueled by heightened demand from institutional investors. In the past 30 days, the supply of Bitcoin on CEXes declin
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