BIT Official: ETF funds continue to flow in, Bitcoin continues its gradual upward trend

robot
Abstract generation in progress

Golden Finance reports that on April 27th, 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 still steadily accumulating. Unlike the rapid influx of short-term funds, this kind of sustained inflow often provides more stable support for the price.
Meanwhile, Strategy(, formerly MicroStrategy), has invested approximately $11 billion this year to increase its Bitcoin holdings, further strengthening market demand. As ETF fund inflows and corporate buying pressure combine, the support below during price corrections has also strengthened.
Overall trading volume remains relatively light, and bears have not exited en masse in the short term. As the price rises, some short positions are gradually being squeezed out. This slow clearing pace is more conducive to market continuation than short-term sharp short squeezes. Currently, as long as no clear risk events trigger risk aversion, the current market structure still supports Bitcoin’s gradual upward trend.

BTC-0,32%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin