CryptoQuant: BTC ETF funds are warming up, selling pressure significantly alleviated

According to on-chain analysis platform CryptoQuant, analyst Darkfost has monitored that Bitcoin ETF fund flows have significantly rebounded after experiencing a large outflow. The cumulative Bitcoin balance of the ETF is still negative (approximately -4,000 BTC), but it has improved significantly compared to the lowest point (-42,000 BTC). In the past month, the ETF has seen a net inflow of about 38,000 BTC, equivalent to approximately $2.6 billion.

Analysts point out that the rebound in ETF demand is an important driving factor for the recent positive trend in the Bitcoin market. However, the Bitcoin price is still fluctuating within the current range, and whether it can maintain positive momentum in the future depends on the sustainability of this trend.