Odaily Planet Daily News 📈 Cryptocurrency trader Skew said that Bitcoin ETF enthusiasm is recovering this week, but the "good days" are far from guaranteed to continue. BlackRock IBIT alone had $526 million in inflows on July 22, and he warned that historically, such large inflows are often accompanied by a drop in Bitcoin prices.

According to Farside Investors data, the total net flow of US Bitcoin spot ETFs on July 22 was $533.6 million, the highest level since March. Skew said: "In terms of actual trading, the most obvious question at the moment is whether the market can maintain this demand and momentum for price increases." He emphasized that "continuation" of spot demand is a key condition for maintaining current levels and further upward movement of Bitcoin prices. 🚀