It's amazing! $319 million poured into Bitcoin ETFs, and institutional bullish sentiment exploded!
Despite the overall market weakness, Bitcoin ETFs ushered in a large amount of capital injection, with an inflow of up to $319 million in just one day, breaking the recent single-day capital inflow record!
📈 Amazing reversal of capital flows
On Wednesday, all 12 Bitcoin spot ETFs achieved net capital inflows, demonstrating the strong confidence of retail and institutional investors in the long-term potential of Bitcoin. The net inflows of some large ETFs were amazing:
The largest net inflow came from an ETF, which attracted $233 million in a single day, with a historical net inflow of more than $45 billion
The second ETF also contributed $36.13 million, with a cumulative inflow of more than $11.6 billion
📉 Although the price fell slightly, the bulls were determined
The price of Bitcoin fell slightly by about 1%, and is currently about $102,400, but market sentiment remains bullish. The financing rate remained positive, indicating that traders are willing to pay a premium to maintain long positions, suggesting that the bulls are still strong.
⚡ Options market reveals bullish signals
Demand for call options exceeds that for put options, and traders are actively planning for short-term rising expectations. Institutional capital inflows are obvious, which is a strong signal to buy on dips and bet on long-term recovery.
Summary: Short-term price fluctuations cannot conceal the optimistic attitude of institutions towards the future of Bitcoin. The surge in ETF funds indicates that the bull market is gradually accumulating confidence!
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