The weekly inflow of US spot bitcoin ETFs turns positive, and the premium on a certain exchange narrows.
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CryptoQuant analyst Axel Adler Jr. stated that weekly net inflows into US spot Bitcoin ETF have recovered to $439 million, marking the first positive value since May. A certain exchange's premium index narrowed to -0.042, rebounding about 80% from the February low. The ETF group overall is still at a floating loss of 22%, with an average cost basis of around $84,714. Currently, BTC is about $66,110. If prices rebound to that level, some holders may exit, creating selling pressure.
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