@volute
Coinbase Prime's $1.4B BTC outflow has sparked debate: is it institutional accumulation or ETF rebalancing? Recent trends lean toward accumulation, as spot Bitcoin ETFs logged a 10-day inflow streak by March 28, 2025, signaling persistent institutional demand despite modest volumes. Long-term holders are also accumulating, with onchain metrics showing reduced divestment. However, ETF rebalancing could play a role, as quarter-end adjustments often trigger outflows, aligning with Bitcoin's price stabilization around $83,000-$86,000. Web data highlights a resurgence of ETF inflows and stablecoin growth, suggesting confidence. Without definitive wallet tracking, it’s likely a mix of both—accumulation reflecting optimism and rebalancing for portfolio adjustments. (117 words)
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