#BitcoinETF fever is recovering, can the market continue?

Cryptocurrency trader Skew said that Bitcoin ETF fever is recovering this week, but whether the "good days" can continue is still unknown. BlackRock IBIT alone had $526 million in inflows on July 22, but historical data shows that large-scale inflows are often accompanied by price declines.

According to Farside Investors data, the total net flow of US Bitcoin spot ETFs on July 22 reached $533.6 million, the highest level since March. Skew believes that the "continuation" of spot demand is the key to maintaining the current level and further upward movement of Bitcoin prices.

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