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Felix.Crypto
$BTC & $ETH: Why Has the Rally Avoided a Major Correction?
The rally is supported by strong spot ETF demand, renewed institutional buying, and heavy short liquidations. U.S. spot $BTC ETFs attracted $1.92B last week, while $ETH ETFs added $697M.
Short covering amplified the move, while improved liquidity, Treasury buybacks, and a friendlier regulatory outlook strengthened risk appetite.
With spot demand absorbing selling pressure, pullbacks have remained shallow.
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