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The Wire — B.R.O.

Buy-the-Dip Chatter Grows as BTC Holds $112K After $1.7 Billion Washout

Your daily access to the backroom

,   and  Blockhead
3 min read

Key takeaways

  • The crypto washout extended to ETFs on Monday, with Bitcoin ETFs seeing a $363 million outflow while Ethereum ETFs saw an exit of $76 million.
  • On the intraday price action, Bitcoin tested a 13-day low of $112.2k with short-term holder cost basis now at $111.4k.
  • Exchange BTC balances down ~31,265 BTC over four weeks; wallets holding 10–10k BTC have added 56,372 BTC since Aug. 27. This shows that whales continue to accumulate the dip.
  • If $112k holds over the next day, buying in tranches to lower cost basis remains a constructive path; sustained trade below $111.4k risks a structural shift.

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