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Some bloggers say:
"Historically, the continuous inflow of ETF funds is often a prelude to market rallies. After the ETF launched in January 2024, BTC took three months to rise from 40k to 70k. Will it repeat this time? The answer is uncertain, but $3.4 billion in real money definitely doesn't lie."
Let me comment: ETF institutions are just big-scale leek farmers. When BTC price was around 120k, ETF institutions had a weekly net inflow of 2.5 billion to 3.2 billion, so why didn't the price skyrocket? ETF institutions have never been the decision-makers of BTC trend direction!