Matrixport: Bitcoin ETF net inflows into $11.20 billion over the past eight weeks, overall bullish logic still holds

According to a daily chart analysis published by Matrixport, Bitcoin ETFs have attracted a total of $11.20 billion in new capital inflows in the past eight weeks, but the price of the currency has only risen by about 10%. This lackluster increase may reflect some market participants taking advantage of the situation to sell, or re-entering the market after waiting and seeing. Overall, the bullish logic still holds: the bitcoin market has formed stable buying support. Despite the changing sources of buying, ETFs have seen little sustained net outflows. MicroStrategy's current pace of adding positions has slowed down slightly compared to the Trump election, but the stable inflows still provide solid support for the bitcoin price.