Analyst: Bitcoin ETF has accumulated a net inflow of $1.5 billion since the beginning of the year, and buying pressure may have gradually absorbed selling pressure.

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On January 15, Bloomberg ETF analyst Eric Balchunas posted, “Bitcoin ETFs performed strongly yesterday, recording a net inflow of $843 million. Over the past week, the net inflow has reached $1 billion, and since the beginning of the year, the total net inflow is about $1.5 billion. In terms of price, Bitcoin is currently around $97,000, while previously it seemed to have been oscillating around $88,000 for ‘almost half a year.’ Overall, it feels like buying pressure may have gradually absorbed or even exhausted the selling pressure. Of course, how things will ultimately unfold still needs to be observed.”

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