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.
You may also like
Indiana passes crypto rights bill on taxes
Analyst Asks XRP Holders: Could You Handle The Pressure? Here’s why
AurumX and Kazar Games Partner to Build On-Chain Financial Infrastructure for Interoperable Web3 Gaming
Cardano Eyes Next Pump as Market Momentum Builds
Trending news
MoreCrypto prices
More
