On January 10, 2024, the long-awaited approval for the Bitcoin ETF was given. This caused the price of Bitcoin to rise between $72,000 and $73,000. Following the ETF approval, the Coinbase exchange attracted particular attention as the blue 30-day Coinbase Premium Index showed solid green. But by March, withdrawals from ETFs increased and withdrawals from GBTC were already intense. This situation caused the dreams of the ETF side to fail. Bitcoin price has dropped to $61,000 and currently the ETF side is still doing poorly. New entries into the market are required. The best way to monitor these flows is to follow the data presented in the daily chart below. Unfortunately, small investors continue to take long positions on declines and short positions on upswings. The most critical point here is to manage the psychological situation effectively.
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