You've seen sone life return into Bitcoin last week. BTC is at $67 000 as I write those lines.
And that happens to coincide with the inflows making a comeback for the Bitcoin ETFs. That's not a coincidence and I've made my case why over here.
Here is what's happening.
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The return of the Bitcoin ETFs
The takeaway
The Bitcoin ETFs have registered two consecutive weeks of inflows after a full month of outflows. It is too early to tell but if that trend continues Bitcoin would be ripe for another leg up. The bull market is not dead.
Global liquidity appears poised for an upward trend, and there is widespread anticipation for this shift.
However, the timing remains uncertain. China is actively stimulating its economy out of necessity, while the US faces a dilemma due to unresolved inflation concerns.
Two weeks of inflows
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