Recently, the performance of Bitcoin ETFs has been worth paying attention to. From the data, the cumulative net inflow since the beginning of the year has reached $1.5 billion, indicating continuous inflows of incremental funds. Yesterday alone, $843 million flowed in, and last week the total reached $1 billion, showing a very clear ongoing inflow trend.

Looking at the price trend, BTC is currently trading around $97,000, but before this, it had been oscillating around $88,000 for nearly half a year. This has clearly become an important support zone.

Interestingly, the continuous buying of this round of ETFs seems to have gradually absorbed the previous selling pressure. In other words, the chips that wanted to sell in the market are being continuously absorbed by new buying interest. Of course, how this will develop further remains to be closely watched.