【Blockchain Rhythm】The recent performance of Bitcoin ETF has indeed attracted attention. Yesterday’s net inflow reached $843 million, with a total inflow of $1 billion over the past week, and since the beginning of the year, there has been a net inflow of about $1.5 billion. Looking at the price, Bitcoin is currently at around $97,000, but if you look back, it has been oscillating around $88,000 for nearly half a year.
What does this imply? It seems that buying pressure is gradually absorbing the previous selling pressure, and it might be almost fully digested. However, as always, the future trend still needs to be observed, as market changes are rapid, and today’s judgment could be proven wrong by tomorrow. The key is to watch whether funds continue to flow in or if there will be a shift.
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WalletWhisperer
· 17h ago
accumulation phase textbook. whales clustering around 97k like they know something we don't... half year consolidation patterns don't lie fr. watching if this velocity holds or we get another false breakout narrative tbh
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ContractSurrender
· 17h ago
Has the selling pressure been mostly digested? I feel like it's still testing repeatedly; the 97,000 level is a bit tough.
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RadioShackKnight
· 17h ago
Half a year of fluctuating around 88,000, and suddenly it's 97,000? Feels like the buffer cushion is almost fully built up.
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hodl_therapist
· 17h ago
97,000 is still fluctuating, still the same explanation—buying pressure absorbs selling pressure. I've been hearing this for a month.
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SchrodingerWallet
· 17h ago
Has the selling pressure been mostly digested? Don't worry, I'm afraid that when I wake up, it will have dropped back to 88,000 again haha
Bitcoin ETF weekly net inflow of $1 billion, buy orders at $97,000 gradually absorbing selling pressure
【Blockchain Rhythm】The recent performance of Bitcoin ETF has indeed attracted attention. Yesterday’s net inflow reached $843 million, with a total inflow of $1 billion over the past week, and since the beginning of the year, there has been a net inflow of about $1.5 billion. Looking at the price, Bitcoin is currently at around $97,000, but if you look back, it has been oscillating around $88,000 for nearly half a year.
What does this imply? It seems that buying pressure is gradually absorbing the previous selling pressure, and it might be almost fully digested. However, as always, the future trend still needs to be observed, as market changes are rapid, and today’s judgment could be proven wrong by tomorrow. The key is to watch whether funds continue to flow in or if there will be a shift.