BlockBeats News, November 26th, according to The Block report, BRN Research Director Timothy Misir stated that ETF inflows have provided the first meaningful buying support in the past few days, helping Bitcoin stay within the fragile accumulation range of $84,000 to $90,000.
“Inflows have begun to provide support, but they are not yet deemed to have a decisive impact,” Misir said. He pointed out that on-chain pressure remains elevated, with about a third of the Bitcoin supply still in a loss position. “Long-term holders and institutions are still selectively accumulating, while recent selling pressure mainly comes from short-term holders.”
In addition, Misir also mentioned that the macro signals remain complex—including the U.S. Producer Price Index (PPI) meeting expectations—keeping the Fed’s policy path still uncertain.
“Inflation data has not forced the Fed to accelerate rate cuts or to maintain a hawkish stance. The market must price in the possibility of two directions this week,” Misir said.
