According to BlockBeats, on June 17, Matrixport released a daily chart analysis stating that in the past eight weeks, Bitcoin ETFs have attracted a total of $11.2 billion in new capital inflows, yet the coin price has only risen by about 10%. This modest increase may reflect that some market participants are taking advantage of the situation to sell, or are waiting to re-enter after observing.
Overall, the bullish logic still holds: the Bitcoin market has formed a stable buying support. Although the sources of buying have been changing, there has been almost no sustained net outflow from ETFs.
Compared to the period during Trump's election, MicroStrategy's current pace of accumulation has slightly slowed, but the steady inflow of funds still provides solid support for Bitcoin prices.
