The recent upward trend in Bitcoin is largely due to a shift in sentiment following Trump’s election, with substantial inflows into spot ETFs driving the price surge.
When we observe that funds haven’t flowed significantly into altcoins, it suggests that the primary influx is centered more on institutional funds in spot ETFs rather than individual investors.
Looking at last week’s Bitcoin spot ETF inflows, it's evident that the level of open interest on the CME has increased significantly.
More than ever, the U.S. market sentiment has become a key factor for the crypto market overall.
