📍 Bitcoin ETF "buying spree" 3 billion USD in 1 week – Are whales back in the race?
▶️In just 7 days, #Bitcoin spot #ETFs have net purchased up to 3 billion USD, marking the strongest capital inflow week since being approved by the #SEC. Leading the way are familiar names like BlackRock and Fidelity, indicating that institutional money is returning to BTC after a corrective phase.
▶️Notably, this "buying spree" occurs amidst ongoing concerns about the Fed's interest rate policy and global macroeconomic instability. The major players ramping up purchases shows long-term confidence in Bitcoin as a strategic asset, despite short-term volatility.
▶️With the halving just concluded and BTC supply becoming increasingly scarce, the ETF cash flow is likened to a "vacuum cleaner" that could soon push Bitcoin prices back into an uptrend. If this net buying momentum continues, the market could definitely expect a new breakout in the next quarter.
🚩Could this be a signal that "smart money" is acting before retail even realizes? With whales already in position, the only question left is: Are you ready yet? $BTC $ETH