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Details: ht
The highest collective inflows into Bitcoin ETFs in the last 7 weeks have been recorded, and this situation is compared to the beginning of previous rises.
According to Santiment data, large funds have started to turn to Bitcoin ETFs again as retail investors exit the crypto market. This picture stands out as a sign seen during past rally periods. Sudden jumps in ETF inflows in the past have paved the way for strong bullish movements in Bitcoin prices.
One of the striking points in the chart was the inflow of 390.5 million dollars into ETFs before Bitcoin reached its all-time high on August 8. Similarly, a new inflow of 345.9 million dollars into ETFs was recorded on September 8. These data indicate that institutional capital maintains its confidence in Bitcoin and that the market may gain new momentum.
Bitcoin ETF inflows are showing a bull signal
Santiment points out that such large inflows are usually harbingers of price rises. The statement, "Previous cryptocurrency rises also started with such inflow increases," refocused investors' attention on Bitcoin.
#Bitcoin Market Update#
#BTC#