Recently, the purchasing power of Bitcoin spot ETFs has been increasing.

CN
Phyrex
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6 hours ago

Recently, the purchasing power of Bitcoin spot ETFs has been increasing significantly. Just yesterday, it was mentioned that although the buying volume was decent, it still hadn't exceeded 10,000 $BTC. However, the data released today shows that U.S. investors' net purchases within 24 hours have reached 10,654 BTC, which is not far off from the peak at the end of December. Notably, BlackRock made a one-time purchase of 6,886 BTC, and both Fidelity and ARK also saw net inflows exceeding four digits.

The only seller was Bitwise, which sold just 164 BTC. The FOMO (Fear of Missing Out) sentiment for buying has gradually risen. It's quite interesting to think about; every time during discussions, it was said that $83,000 and $93,000 are both good support levels, but for a long time, very few spot ETF investors bought at $83,000, while the buying volume surged at $93,000.

In the three days after BTC's price exceeded $90,000, the buying volume was greater than that of the previous month. If it weren't for the daily recording of spot ETF data, who would believe it? $83,000 was considered expensive, while there was a large amount of buying at $93,000.

Of course, I may not be right, but I still feel that this is currently a rebound, not a reversal.

The data has been updated, address: https://docs.google.com/spreadsheets/d/1N8YIm1ZzDN197hMAlkuvH3BgFb8es0x1y4AJLCbDPbc/edit?usp=sharing

This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX

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