Yello, ParadiseClub Members! 😎 Have you heard the latest buzz about Bitcoin ETFs and wondered what’s truly going on? Let’s break down the reality behind the headlines:
💎Over the past three months, a whopping $3.5 billion worth of Bitcoin was purchased through ETFs. However, fake social media influencers are spreading confusion by focusing only on outflow numbers and ignoring the crucial inflows. The real metric to watch is the weekly netflow. Recently, Bitcoin ETF netflow turned negative, dropping by around $596 million over the last two weeks. This represents a 9.5% decline compared to the previous period, which is the only stretch where we saw negative netflow.
💎From the vantage point of our ParadiseTeam Professional Traders: Despite this recent dip, the cumulative netflow for Bitcoin ETFs over the last three months remains impressively positive at $3.5 billion. This indicates strong buying interest, particularly in the $57K–$68K price range. Many of these investments were made when Bitcoin was trading above $60K. As soon as the Bitcoin price climbs back to that level, we expect netflow to turn positive again.
Stay focused, patient, and disciplined Paradisers🥂
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