Analysis: Bitcoin has entered the late stage of a bear market, with the ETF First Trust indicating that selling pressure is easing
BlockBeats News, July 4th, CryptoQuant analyst Axel Adler Jr. wrote that Bitcoin has entered the late stage of a bear market, and the US spot ETF has shown signs of easing selling pressure for the first time. On the latest trading day, the net inflow into the US spot Bitcoin ETF was $223 million. Most of the demand went to FBTC (+$166 million) and ARKB (+$91.8 million).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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