Yesterday, inflows into spot BTC ETFs increased. This brings the series of net inflows on the ETF side to four consecutive trading days. Technically, Bitcoin has been attempting to hold above its 50-day moving average over the past week. While ETF capital inflows and the technical picture strengthen signals of a potential bottom formation, this process must be confirmed by continued buying pressure and sustained price stability above key support levels. It is still too early to declare the start of a new bullish trend based on a single indicator.
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