Don't miss it! Bitcoin ETF returns to the market. Is Fidelity FBTC the key to BTC's recovery?

Click on the avatar live to watch the live broadcast and chat!

US spot Bitcoin ETFs have recently recorded strong capital inflows again, with FBTC launched by Fidelity leading the rise, indicating that Bitcoin is expected to recover strongly in the future. On December 26, the capital inflow of US spot Bitcoin ETFs recovered significantly, with Fidelity's FBTC inflow reaching US$254.4 million, leading the market, ARK's ARKB and BlackRock's IBIT inflows of US$186.9 million and US$56.6 million respectively. It is worth noting that since December 19, although there have been a large number of capital outages, which have put pressure on Bitcoin prices, the recent capital inflow trend shows a recovery in market sentiment.

According to Farside Investors data, the overall capital inflow of US spot Bitcoin ETFs reached US$475.2 million on December 26, indicating that investor confidence has gradually recovered. However, the price of Bitcoin is still down about 3% today, currently trading at $94,975, with a volume-price increase of about 28%, and once plummeted to a high of $97,784. In addition, BTC futures open interest fell by about 3% in the past 4 hours, showing that the bearish sentiment in the market still exists.

The market is under pressure in the short term, and some analysts are optimistic about the long-term prospects of Bitcoin.

The market pullback during the holiday period may be only temporary, and the cryptocurrency market is expected to rebound sharply in the next few days. Institutional interest in digital assets is also continuing to increase. Bitwise's recently applied new Bitcoin ETF tracks companies including MicroStrategy and Metaplanet, further indicating that institutional confidence in Bitcoin is increasing.

Click the avatar live to watch the live broadcast and chat!