January 10, 2024, the long-awaited Bitcoin ETF approval was finally given. This development, previously marred by speculative news, has caused huge losses for many people. However, after the approval, Bitcoin prices surged to levels between $72,000 and $73,000. The market is abuzz with increasing Bitcoin entries in many ETFs other than GBTC, and further price increases are anticipated.

However, in March, withdrawals from ETFs increased, and withdrawals from GBTC have been intense. This situation caused disappointment on the ETF side. The cautious approach to inflation from the US further sours the market. ETFs inflate like balloons weighed down by several parties and eventually start to deflate.

With this process, the price of Bitcoin fell to $61,000, and currently, the ETF side is still weak. A return to the glory days requires a new influx into the market. The best way to monitor these flows is to follow the data presented in the daily charts below (30-day Coinbase premium, ETF volume, ETF price). Additionally, the futures that dominate the market currently must be considered. Unfortunately, small investors continue to take long positions during downturns and short positions during upturns. Here, the most critical point is to manage the psychological condition effectively.