Data shows: Buyer demand has returned, and the Bitcoin market has returned to the hoarding mode. An important indicator is that throughout April, BTC spot ETF funds were in a state of outflow.
Starting last week, ETF funds began to re-enter the net inflow, 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 have entered the market one after another. This is a good signal!
Don't fall before dawn!
