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Bitcoin holds near $64,000 as spot ETFs pull in $211.5M

The Block reports spot bitcoin ETFs attracted $211.5 million Tuesday while analysts said signs of a potential bottom are emerging.

Reported · Written up by our desk · Bitcoin

Bitcoin traded close to $64,000 as demand for the asset appeared steady, with spot ETF flows providing a key near term signal, according to The Block.

The outlet reported that spot bitcoin ETFs pulled in $211.5 million on Tuesday, even as price action remained largely range bound near the $64,000 level.

Analysts cited by The Block said bottom forming signals are appearing, but warned there is not yet a clear demand catalyst driving a stronger move higher.

Overall, the story frames bitcoin’s setup as a gradual shift in sentiment, where boredom with the current price is coexisting with incremental ETF inflows.

Latest closeBitcoin $64,714.79 ▲1.0%

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