Glassnode data shows: Buyer demand returns, and the Bitcoin market returns to the hoarding mode.
An important indicator is that throughout April,#Bitcoinspot ETF funds were in a state of outflow. Starting last week, ETF funds began to net inflow again, reaching an astonishing $242 million per day, indicating that buyer demand has returned to normal.
In addition, both funds under BlackRock bought IBIT issued by BlackRock in the first quarter. Currently, IBIT holds a total of 288,670 #BTC, which has surpassed Grayscale's GBTC holdings.
Currently, as many as 414 institutions have invested in IBIT and are entering the market one after another. This is a good signal!
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