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.
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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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.
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.”