#Write2Earn On February 14th, exchange-traded fund (ETF) inflows surged to $340 million, bolstering Blackrock's total to nearly $5 billion.
Nonetheless, there were significant withdrawals from $GBTC, amounting to $131 million, and withdrawals from Invesco Galaxy, totaling $37.5 million. The recent outflow pattern from Invesco raises questions about the fundamental causes.
Before the US trading session, there was a spike in price activity, which was followed by a sideways movement, which may have been caused by FOMO (fear of missing out) expectation. Further upward momentum appears expected given the clear break above $50,000 and the steady net inflows of half a billion dollars each day.
This flood effectively lowers the quantity of Bitcoin accessible on the market, decreasing the likelihood of large declines. The price trajectory of Bitcoin is expected to keep rising as long as the pattern of net inflows continues.
