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- #Gate Ranks Top 4 Exchange#
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- Gate Alpha 2nd Points Carnival Round 4 Hot Launch! Trade to Share $30,000 MORE & Alpha Points
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- 🎁 Gate Alpha Airdrop Alert!
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Matrixport: In the past eight weeks, the net inflow of Bitcoin ETF has reached $11.2 billion, and the overall bullish logic still holds.
According to BlockBeats news, on June 17, Matrixport released a daily chart analysis stating that over the past eight weeks, Bitcoin ETFs have attracted $11.2 billion in new capital inflows, yet the coin price has only risen about 10%. This modest rise may reflect that some market participants are selling off in response to the momentum or are waiting to get on board again after observing the market. Overall, the bullish logic still holds: the Bitcoin market has formed a stable buying support. Although the sources of buying are constantly changing, the ETF has seen almost no continuous net outflows. Compared to the Trump election period, MicroStrategy's current pace of increasing the position appears to have slowed slightly, but the steady capital inflow still provides solid support for Bitcoin prices.