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BIT: ETF funds continue to flow in, Bitcoin continues its gradual upward trend
Odaily Planet Daily reports that BIT Official released a daily chart analysis stating that the spot Bitcoin ETF has recorded net inflows for nine consecutive trading days, with institutional buying continuing to accumulate, providing support for the price.
It states that Strategy has invested approximately $11 billion this year to increase Bitcoin holdings, and the ETF capital inflows combined with corporate buying help strengthen market absorption. Analysts believe that, in the absence of significant risk events disrupting the market, the current market structure still supports Bitcoin maintaining a gradual upward trend.