Episode Details

In this episode of Adler AM: Bitcoin Morning Brief, we break down last week’s local BTC pressure setup: +18K BTC moved onto exchanges, while U.S. spot Bitcoin ETFs saw roughly -16K BTC in outflows.

Together, these flows created around 34K BTC of local supply pressure. The key question is whether ETF demand can return quickly enough to absorb exchange-side selling risk, or whether BTC remains in a short-term risk-off regime.