Analysts: Institutional buying is absorbing short-term selling pressure. If the upward trend continues, it needs to stand firm at US$70,000 and maintain capital inflows

Crypto market analyst Axel released the latest report saying that in the past 30 days, Bitcoin ETF (U.S. and others) has accumulated a net inflow of 62,986 BTC (approximately US$11.3 billion), with total positions reaching 1.327 million BTC. During the same period, short-term holders continued to realize losses on the exchange, with an average daily inflow of 15,500 BTC on the loss side. Axel pointed out that current institutional buying has exceeded retail selling pressure, providing support for prices, but the market is showing a fragmented pattern-short-term participants are still selling at a loss, and ETF funds are gradually absorbing supply. To continue the upward trend, prices need to stand above $70,000 and ETF inflows remain positive.