BTC posted a 25% pullback for the first time in 427 days, ending a record streak.
These events have historically been standard for BTC, regardless of whether it’s a bull or bear market.
Authorities seized nearly 50,000 BTC in January. More than half of this has been sold in recent weeks.
The remaining balance of 15,552 BTC, worth just over $1.3 billion, will likely be sold over the coming weeks.
Demand for spot Bitcoin ETFs in the U.S. is the strongest it’s been in over a month, with this week’s net inflows totalling $758M (≈$510M USD).
Interestingly, this resurgent demand has come during a period of market weakness.