On April 14, the net inflow of Bitcoin spot ETFs reached $1.47 million, and market confidence remains strong!
Despite the overall volatility in the crypto market, data shows that investor enthusiasm for Bitcoin has not waned. According to SoSoValue data, on April 14, Eastern Time, the total net inflow of Bitcoin spot ETFs reached $1.4705 million, with BlackRock's IBIT seeing a single-day net inflow of $36.7179 million, bringing the historical total net inflow to over $39.6 billion. This data indicates that even amidst short-term market fluctuations, institutional investors continue to increase their Bitcoin positions, reflecting a positive outlook on long-term value.
1️⃣ Accelerated inflow of institutional funds: Leading ETFs like IBIT continue to attract capital, increasing fund concentration;
2️⃣ Market sentiment divergence: Ethereum ETFs saw a net outflow of $5.9781 million, with a clear trend of funds flowing into Bitcoin;
3️⃣ Technical support: The long-term downtrend line has been broken and retested support, signaling the start of a new uptrend.
What do you think, folks? Is this wave of capital inflow a signal to buy the dip, or the prelude to a bull market? 👇 Leave your thoughts in the comments below!
