🚀According to Glassnode data, the Bitcoin market is re-entering the hoarding mode, and buyer demand is active again🚀

Throughout April, $BTC spot ETF funds have been in a state of outflow. But starting last week, ETF funds have resumed net inflows, up to $242 million per day.

What does this mean? Buyer demand is back on track!

In addition, two funds under BlackRock purchased IBIT issued by BlackRock in the first quarter. IBIT currently holds 288,670 BTC, which has exceeded Grayscale's GBTC holdings. Now 414 institutions have invested in IBIT, and continue to pour in, which is also good news. Waiting for the big one to come~