#NODEBinanceTGE The enthusiasm for Bitcoin ETFs is not reflected in the price of the coin.✨⚪✨⚫✨⚪✨⚫
Despite the notable influx of capital into these products, the price of Bitcoin shows no clear signs of reaction. This Friday marked the completion of a streak of 14 consecutive days with positive results for BTC ETFs, meaning three weeks of stock market activity with minimal outflows against massive inflows.
During that period, even the bombings between Israel and Iran and the threat of a regional conflict did not deter investors' appetite. However, the spot price of Bitcoin continued on a different trajectory than the optimism reflected in the ETFs.
After the U.S. entered the conflict between Iran and Israel, BTC briefly lost the level of $100,000 per unit. During this particular week, it showed signs of recovery, although with great difficulty in returning to pre-war levels. So far, the $108,000 range remains a tough ceiling to break.
The big question among investors revolves around why the price of Bitcoin is not rising despite strong institutional interest in the ETFs. While some believe it is a phase of accumulation before a possible rally, others suggest that discreet sales by large holders, known as whales, could be occurring.