On Monday, BTC spot ETF funding sentiment has seen a slight rebound, which is pretty much expected — with the weekend's "signing" going smoothly, some investors are starting to gamble on short-term bounce opportunities. But looking at the data, aside from BlackRock showing a significant net buy, other institutions are mostly seeing outflows.
The market is likely pricing in the "good news realization": funds that had already anticipated the price increase are choosing to take profits. Overall, whether buying or selling, actions are limited, and more traditional funds are still sitting on the sidelines, in wait-and-see mode. #btc $BTC
The market is likely pricing in the "good news realization": funds that had already anticipated the price increase are choosing to take profits. Overall, whether buying or selling, actions are limited, and more traditional funds are still sitting on the sidelines, in wait-and-see mode. #btc $BTC