🔥🔥🔥 Bitcoin at $80,000 in September Thanks to ETFs? 😱😱😱🚀🚀🚀
📌 If we analyze the latest bitcoin ETF data, it appears that the coming weeks look bright for bitcoin. After a gloomy June, particularly following Germany’s sale of 50,000 BTC, can we expect a new bull run to reach $80,000 by the fall?
📢 Dynamic Bitcoin ETFs in July:
The Bitcoin ETFs recorded positive net inflows every day in July, except for once on July 3rd, when minor outflows of 200 BTC were recorded.
This trend indicates a renewed dynamism in the market after a lackluster performance in June. More recently, July 16 saw a substantial influx of 6,500 BTC, up from the strong performance of the previous day, which saw an influx of 4,700 BTC.
The inflows over these two days alone highlight the growing interest and confidence in Bitcoin ETFs. The data clearly shows strong buying momentum.
Regular inflows throughout July indicate sustained investor confidence despite a significant Bitcoin sale by the German government.
🔥🔥Towards a new Bitcoin bull run?
This consistency is a positive indicator of market sentiment and suggests that the market is recovering from June’s mediocre performance.
The continuous inflow of money into Bitcoin ETFs can have several causes:
• June’s poor performance seems to be an anomaly, with July’s strong inflows reflecting a recovery and a renewed interest in buying BTC.
• Large inflows are often a sign of institutional participation, suggesting that larger and more strategic investors are increasing their exposure to bitcoin through ETFs.
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