Three days have passed in the blink of an eye, and the situation with spot ETFs hasn't been great recently. The price of $BTC has encountered some resistance, and there hasn't been strong buying pressure for spot ETFs for a long time. Recently, there have only been small-scale buy and sell transactions, which have had very limited impact on the spot market. Even though Bitcoin's price fluctuated quite a bit last Friday, the total outflow wasn't significant, not even reaching four digits, with only Fidelity and ARK being the main sellers.
However, American investors performed better in week 84 compared to week 83, where there was a net outflow of over 10,000 BTC in week 83, while week 84 saw a net inflow of over 4,000 BTC. Nevertheless, these figures reflect what I mentioned earlier: the volatility in the ETF market is very shallow, with only about 18,000 BTC flowing in and out in a week. Therefore, BTC is likely still waiting for a significant movement.
This article is sponsored by #Bitget | @Bitget_zh
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