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CryptoQuant: BTC ETF funds are warming up, and selling pressure has significantly eased
Mars Finance reports that, according to on-chain analysis platform CryptoQuant analyst Darkfost, Bitcoin ETF fund flows have significantly rebounded after a large outflow. Although the ETF’s total Bitcoin holdings remain negative (around -4,000 BTC), it has improved considerably from the lowest point (-42,000 BTC). Over the past month, ETF net inflows totaled approximately 38,000 BTC, equivalent to about $2.6 billion. The analyst pointed out that the resurgence in ETF demand is an important factor driving the recent positive trend in the Bitcoin market, but Bitcoin prices are still fluctuating within the current range. Whether this positive momentum can continue depends on the sustainability of this trend.