Bitcoin Price Prediction as 2-Day ETF Inflows Surpass $1.2 Billion – Are Whales Expecting a Surge?
Bitcoin, the world’s leading cryptocurrency by market capitalization, continues its upward momentum, trading around $71,300. This rally is driven by a significant influx into U.S. spot Bitcoin exchange-traded funds (ETFs), with a notable daily inflow of $886.75 million, contributing to over $1.2 billion in two days.
Investor confidence is further bolstered by the anticipation of a potential rate cut by the Federal Reserve and a weakening US dollar, sustaining Bitcoin’s price increase.
Bitcoin has demonstrated strong resilience, maintaining its value above $71,000. This stability is largely due to a significant inflow of $886.75 million into U.S. spot Bitcoin exchange-traded funds (ETFs), marking the second-highest daily inflow ever recorded. Since their launch, Bitcoin spot ETFs have attracted nearly $15 billion in total inflows, reflecting growing investor confidence.
This is massive.
+$1.37b of #Bitcoin ETF net inflows in the past 2 days alone.
Read more on cryptonews.com
