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- #Gate Ranks Top 4 Exchange#
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- 🎁 Gate Alpha Airdrop Alert!
To celebrate the listing of $EGL1 on Gate Alpha @GateioAlpha
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Analysis: The inflow of funds into Bitcoin ETF is strong, but the price rise of the coin is limited; some market participants may be selling off to take advantage.
PANews, June 17th news, according to Matrixport analysis, Bitcoin ETF has attracted 11.2 billion USD in new capital inflows over the past eight weeks, but the Bitcoin price has only risen by about 10%. This moderate rise may reflect some market participants selling to take advantage of the situation or a sentiment of waiting and getting back on board. Overall, the Bitcoin market has established a stable buying support, although the sources of buying continue to change, there has been almost no sustained net outflow from the ETF. Additionally, compared to the period of Trump's election, MicroStrategy's current accumulation pace appears slightly slower, but the steady inflow of funds still provides solid support for Bitcoin prices.