Data: Glassnode Bitcoin ETF Resuming Net Inflows Typically Indicates Demand Recovery and Early Stages of Trend Reversal
ChainCatcher reported that Glassnode released data on social media indicating that spot Bitcoin ETFs have experienced net capital outflows. This phenomenon often occurs near local market lows and is accompanied by a decline in market sentiment. Historically, when capital flows stabilize or turn positive, it usually signals the early stage of demand recovery and a warming trend.
Previously, according to monitoring data from Farside, the net inflow into US spot Bitcoin ETFs was $20.3 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US CPI Preview: Price Pressures Slightly Eased, No Need to Rush Pricing
BNB Chain: BSCScan API has been officially deprecated and replaced by Etherscan API V2
Trending news
MoreBitunix Analyst: Limited Credibility of CPI, Possible Rate Cut by Bank of England, ECB Turns Cautious—Global Policy Divergence Intensifies, Crypto Market Focuses on Liquidity Expectations
The head of Japan's banking lobby said that the possibility of the Bank of Japan raising interest rates this time is quite high.
Crypto prices
More
