BlockBeats reports that on June 17, Matrixport released its daily chart analysis, stating that over the past eight weeks, Bitcoin ETFs have attracted $11.2 billion in new inflows. However, the price of Bitcoin has risen by only about 10%. This modest increase may reflect that some market participants are selling into strength or waiting on the sidelines to re-enter.
Overall, the bullish logic remains intact: the Bitcoin market has established a stable buying base. Despite a shifting mix of buyers, ETFs have shown almost no sustained net outflows.
Compared to the pace during the Trump election period, MicroStrategy's current rate of accumulation has slowed slightly. Nevertheless, the steady capital inflows continue to provide strong support for Bitcoin prices.
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