Opinion: Data from the past 8 months shows that the price of BTC is significantly influenced by the flow of funds into US Bitcoin ETFs

Bitget2024/08/31 06:34

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According to HODL15 Capital's monitoring, the inflow/outflow of the U.S. Bitcoin ETF is highly correlated with the BTC price: when the inflow of Bitcoin ETF is large, the BTC price is relatively high; when there is a large outflow from Bitcoin ETF, the BTC price often shows a downward trend.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Opinion: Data from the past 8 months shows that the price of BTC is significantly influenced by the flow of funds into US Bitcoin ETFs

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