![Bitcoin bull sentiment returns with a $31 million net inflow in the BTC ETF market 3 Bitcoin bull sentiment returns with a $31 million net inflow in the BTC ETF market 3](https://cryptonews24.eu/wp-content/uploads/2022/04/bitcoin_cryptocurrency.jpg)
Many Bitcoin analysts noted that Bitcoin is now getting in a better position ahead of a big bull rally, as investors increase their investment despite recent corrections.
The current trade price of Bitcoin (BTC), the top crypto asset by market cap, is $61,287 & this price is neutral over the last 24 hours.
![Bitcoin bull sentiment returns with a $31 million net inflow in the BTC ETF market 2 Bitcoin bull sentiment returns with a $31 million net inflow in the BTC ETF market 2](https://cryptonews24.eu/wp-content/uploads/2024/06/AD_4nXew4YFveHHcV18vvTrvlDhs5B9mePHShuDxCWwx87MX-rN0ILyWBbiJwjFp_EaedHvdbWOzJUyC0xK8l3Bxfq4ozitIp-RuG3eezWUgOMY05xJenT_ZzQtfRg089_CXjzxmiBDLAzy-iyZ0Q-nPgXGnOkGn.jpeg)
In the last three days, the Bitcoin market faced very high sell pressure but now the situation is changing drastically.
For the last 7 days, the US BTC spot ETF market saw a net outflow of money every day but yesterday the market saw a net inflow of $31 Million.
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On June 25, Bitcoin spot ETFs saw a total net inflow of $31.0131 million. This was the first net inflow after seven days of net outflows.
-Grayscale ETF (GBTC): Experienced a single-day outflow of $30.2866 million.
-Fidelity ETF (FBTC): Recorded a single-day inflow of $48.7897 million.
-Bitwise ETF (BITB): Had a single-day inflow of $15.1967 million.
This is a strong indication that major players are becoming bullish about the market again. It is expected that we will see a significant increase in the trade price of Bitcoin and other leading crypto assets.
Popular Crypto analyst Titan of Crypto also shared his opinion & prediction for this market & suggested that Bitcoin’s price is likely to increase significantly soon.
He points out that a “hidden bullish divergence” is forming on Bitcoin’s daily Relative Strength Index (RSI), a technical indicator used to measure momentum.
Also, analysts noted that RSI has reached the “oversold” territory, which often indicates that the asset is undervalued and may be due for a price increase. The analyst notes that on the last two occasions when these conditions occurred, Bitcoin’s price surged dramatically (“went berserk mode”).
Bitcoin bull sentiment returns with a $31 million net inflow in the BTC ETF market
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