Data: Glassnode Bitcoin ETF Resuming Net Inflows Typically Indicates Demand Recovery and Early Stages of Trend Reversal
ChainCatcher reported that Glassnode released data on social media indicating that spot Bitcoin ETFs have experienced net capital outflows. This phenomenon often occurs near local market lows and is accompanied by a decline in market sentiment. Historically, when capital flows stabilize or turn positive, it usually signals the early stage of demand recovery and a warming trend.
Previously, according to monitoring data from Farside, the net inflow into US spot Bitcoin ETFs was $20.3 million.
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.
You may also like
Nvidia announces an additional $150 billions stock buyback plan, pre-market stock price rises and turns positive
Nvidia's board has approved an additional $150 billion in stock repurchase authorization, marking the largest single increase in history, bringing the remaining buyback allowance to $235 billion, with plans to complete it by fiscal year 2028. CEO Jensen Huang stated that the transformation driven by AI and accelerated computing platforms is fueling the company’s growth, and strong profits and cash flow are supporting this large-scale buyback. Following the announcement, Nvidia’s pre-market stock price rose by as much as 1.7%, outperforming the declining futures market.
Qfin director Yan Andrew Y Yan disposes of QFIN common shares worth US$4,879,108.22
Crypto prices
More
