Today's ETF
Yesterday, Bitcoin ETF net inflows exceeded $600 million, mainly contributed by BlackRock!
Bitcoin price has reached over $110,000
Near historical highs, institutions are still buying, buying, buying
It's easy to imagine that this part of the funds is looking for vast opportunities!
The reason for this mid-term adjustment being only -30% this year
On one hand, it's because institutions are optimistic about long-term Bitcoin ETF buying demand increasing, with short-term sell-offs decreasing, and B in CEX continuously hitting historical lows
On the other hand, there are currently no fundamental factors that could lead to a long-term decline in Bitcoin, and the involvement of Trump's interest group also supports potential positive momentum in the fundamentals...
From the perspective of this upward trend, this is a solid spot buying driving the price
Hold steady and look forward to BTC reaching higher and further~
#BTC