Viewpoint: Data from the past 8 months shows that the price of BTC is greatly influenced by the flow of funds from US BTC ETFs.
According to HODL15 Capital's monitoring, the inflow/outflow of US BTC ETF is highly correlated with the price of BTC: when the inflow of BTC ETF is relatively large, the price of BTC is relatively high; when the outflow of BTC ETF is relatively large, the price of BTC tends to decline.
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