CryptoQuantBTCETF funds recovery and selling pressure significantly eased

According to Darkfost, an analyst at online analysis platform CryptoQuant, the flow of Bitcoin ETF funds has rebounded significantly after experiencing a large outflow. Although the cumulative bitcoin balance of the ETF is still negative (about-4,000 BTC), it has improved significantly compared with the lowest point (-42,000 BTC). In the past month, the net inflow of the ETF was about 38,000 BTC, equivalent to about US$2.6 billion. Analysts pointed out that the rebound in ETF demand is an important driving factor for the recent positive trend of the Bitcoin market, but Bitcoin prices are still fluctuating within the current range, and whether positive momentum can continue in the future still depends on the continuation of this trend.