Odaily Planet Daily News Matrixport released today's chart, saying that from the daily chart since March 19, Bitcoin ETF funds continued to flow out, and the futures market's holdings also fell simultaneously. From January to April, the cumulative net outflow of ETFs was close to US$5 billion.
But recently we have observed a large-scale inflow of nearly US$3 billion, and futures open contracts have also increased simultaneously. Interestingly, the funding rate remains at a low level.
It can be seen that the current new capital inflow mainly comes from real long-term holding demand. Compared with the ETF buying driven by arbitrage funds at the beginning of the year, the overall bullish signal is more positive.