Bitcoin rebounded to $55,700 after a drop to $49,000 on August 5. This recovery was driven by significant inflows into Bitcoin and Ether ETFs, which saw nearly $6 billion in trading volumes. Key ETFs like BlackRockâs iShares Bitcoin Trust and Grayscaleâs Ethereum Trust contributed to this volume. Analysts noted that high trading volumes on bad days can indicate both fear and deep liquidity, which is beneficial in the long term.
