BTC spot ETF sees net inflows for 5 consecutive days—but why not chase the price?
The message with ID $BTC has already appeared, but we won’t chase it. Public information by itself is not a trading reason; whether price, trading, or derivatives/contract data are in sync is what matters.
Not chasing the price yet—waiting for the trading data to be confirmed. This BTC event does not, at this stage, constitute a reason to chase the price. Click $BTC to view real-time quotes and the trading page.
According to a report by PANews on August 8, citing SoSoValue data: as of the U.S. Eastern time on August 7, Bitcoin spot ETFs recorded total net inflows of $98.8453 million, marking 5 consecutive days of net inflows. BlackRock’s IBIT had a single-day net inflow of $86.7064 million, while Fidelity’s FBTC had a single-day net inflow of $40.9544 million. Original text: https://www.panewslab.com/zh/articles/019fdf8a-9c70-7616-af01-ef1aca6ad7a3
This set of fund-flow data is worth paying attention to, as it provides a publicly observable indicator of continuous net inflows at the spot-ETF end. However, media coverage is not the same as the reason for a rise in BTC price; the market impact still needs confirmation from trading data. Only when subsequent ETF fund flows continue—and when data such as spot trading activity is verified in sync—will the information have higher reference value.
Relevant asset: $BTC
The real-time quote and trading entry for $BTC are at the bottom.
The message with ID $BTC has already appeared, but we won’t chase it. Public information by itself is not a trading reason; whether price, trading, or derivatives/contract data are in sync is what matters.
Not chasing the price yet—waiting for the trading data to be confirmed. This BTC event does not, at this stage, constitute a reason to chase the price. Click $BTC to view real-time quotes and the trading page.
According to a report by PANews on August 8, citing SoSoValue data: as of the U.S. Eastern time on August 7, Bitcoin spot ETFs recorded total net inflows of $98.8453 million, marking 5 consecutive days of net inflows. BlackRock’s IBIT had a single-day net inflow of $86.7064 million, while Fidelity’s FBTC had a single-day net inflow of $40.9544 million. Original text: https://www.panewslab.com/zh/articles/019fdf8a-9c70-7616-af01-ef1aca6ad7a3
This set of fund-flow data is worth paying attention to, as it provides a publicly observable indicator of continuous net inflows at the spot-ETF end. However, media coverage is not the same as the reason for a rise in BTC price; the market impact still needs confirmation from trading data. Only when subsequent ETF fund flows continue—and when data such as spot trading activity is verified in sync—will the information have higher reference value.
Relevant asset: $BTC
The real-time quote and trading entry for $BTC are at the bottom.
