🚀 Bitcoin breaks $47,000, is this the start of a new bull run? 😏

- Bitcoin just hit its highest level in a month, passing $47,000.

- Net Unrealized Profit/Loss (NUPL) indicates that the market is approaching a "turning point".

- The NUPL value is currently 0.48, indicating that investors are still profitable and the market may be moving into a bullish phase.

💡 What does this have to do with Bitcoin ETFs?

- The US Bitcoin ETF recorded record inflows, totaling $2.11 billion since its launch on January 11.

- BlackRock (IBIT) and Fidelity (FBTC) were the main contributors to this fund flow.

🤔 What do you think about the current Bitcoin trend? Will we see further increases? Come on, discuss in the comments column! 🎉