Viewpoint: Bitcoin ETFs resume net inflows, usually indicating a recovery in demand and the early stages of a trend recovery.
Glassnode released data showing that the net outflow of funds from spot Bitcoin ETFs often occurs near local market lows, accompanied by a decline in market sentiment. When the flow of funds stabilizes or turns positive, historically, it usually means that the early stages of demand recovery and trend warming have arrived.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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The US spot Bitcoin ETF saw a net inflow of $962.48 million yesterday.
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