At the end of August, I mentioned that the Bitcoin Spot ETF net flows data were converging, and a direction would soon emerge. A month later, the results are in, and the direction of Bitcoin ETF net inflows is moving upward.
As I mentioned last month, the whales' accumulation (preparation) through the Bitcoin ETF is already complete. With a new trigger, the price will rise through traditional Bitcoin price increase mechanisms, and the Bitcoin ETF net inflows can play a supportive role in this price rise.
Written by Mignolet
