Bitcoin spot ETFs saw total net inflows of $137 million yesterday, extending the streak to 3 consecutive days of net inflows.
Large capital flows are generally interpreted in three ways:
① Allocation: positioning over the quarter, with little attention to intraday price moves;
② Rebalancing: adjusting positions, which doesn’t necessarily indicate a bearish outlook;
③ Trading: a short-term move that can come and go quickly.
This time, it seems closer to ①, providing more of a floor for the price than a boost.
$BTC Current price: 80382.01, 24h: -0.7%. Don’t let the headline sway you—the key is in the details.
Large capital flows are generally interpreted in three ways:
① Allocation: positioning over the quarter, with little attention to intraday price moves;
② Rebalancing: adjusting positions, which doesn’t necessarily indicate a bearish outlook;
③ Trading: a short-term move that can come and go quickly.
This time, it seems closer to ①, providing more of a floor for the price than a boost.
$BTC Current price: 80382.01, 24h: -0.7%. Don’t let the headline sway you—the key is in the details.