#BinanceBlockchainWeek #比特币
Yesterday, Bitcoin ETFs in the US saw a net outflow of $72.1 million.
Also, BlackRock Bitcoin ETF IBIT saw its first net outflow since May on Thursday. In July and August, Bitcoin spot ETFs saw a total net outflow of $83 million, while BlackRock saw a net inflow of $887 million.
Data from the past eight months shows that BTC prices are heavily influenced by capital flows into Bitcoin ETFs in the US. According to HODL15 Capital monitoring, when Bitcoin ETF inflows are high, the price of BTC is relatively high. Conversely, when Bitcoin ETF outflows are high, the price of BTC tends to be in a bearish state.
