CryptoQuant: BTC ETF funds are warming up, and selling pressure has significantly eased

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ChainCatcher reports that, according to on-chain analysis platform CryptoQuant analyst Darkfost, Bitcoin ETF fund flows have significantly rebounded after a large outflow. Although the ETF’s total Bitcoin holdings are still negative (around -4,000 BTC), this is a substantial improvement from the lowest point (-42,000 BTC). Over the past month, ETF net inflows have totaled approximately 38,000 BTC, worth about $2.6 billion.

Analysts note that the resurgence in ETF demand is an important factor supporting the recent positive trend in the Bitcoin market. However, Bitcoin prices are still fluctuating within the current range, and whether this positive momentum can continue depends on the sustainability of this trend.

BTC-2.83%
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