ETF outflows have dominated the narrative but corporate bitcoin treasuries have gone quiet too, compounding the demand-side weakness. Bitcoin’s slide from about $74,000 to below $60,000 has coincided with a sharp pullback in buying from both spot ETFs and corporate digital asset treasuries. While corporate treasury firms remain net bitcoin buyers, their daily purchases have dropped from peaks above $500 million earlier this spring to minimal levels this month, removing a key source of demand. U…
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