Bitcoin ETFs have seen capital inflows for 7 consecutive days, yet BTC is still oscillating around $84,000.
Recently, U.S. Bitcoin ETFs have continued to attract institutional capital. On September 25, the net inflow was approximately $134 million, marking 7 consecutive trading days of inflows. Interestingly, however, the Bitcoin price has not clearly broken out. One reason is that U.S. interest rates are still relatively high; the yield on the 10-year Treasury is up to around 5.2%, making investors more cautious about high-risk assets. In short: institutions are still buying, but the market is still waiting. What’s truly worth watching next is whether ETF inflows can continue to increase, and whether Bitcoin can break out of its current consolidation range.$BTC #hodl
Recently, U.S. Bitcoin ETFs have continued to attract institutional capital. On September 25, the net inflow was approximately $134 million, marking 7 consecutive trading days of inflows. Interestingly, however, the Bitcoin price has not clearly broken out. One reason is that U.S. interest rates are still relatively high; the yield on the 10-year Treasury is up to around 5.2%, making investors more cautious about high-risk assets. In short: institutions are still buying, but the market is still waiting. What’s truly worth watching next is whether ETF inflows can continue to increase, and whether Bitcoin can break out of its current consolidation range.$BTC #hodl
