- This strong net flow shows a strong institutional interest in Bitcoin, and mainly supporting the price path in the price.
- The flows of IBIT and FBTC have also indicated that the money flows significantly to BTC, and is affected by the favorable macroeconomic conditions.
Data from Farside investors It revealed that Bitcoin ETF net flows are estimated at $ 321.4 million on May 9. Some of the outstanding investment funds in Bitcoin, such as IBIT and FBTC, indicate 356.2 million dollars and $ 45 million, respectively.
On the other hand, GBTC and BIBT noticed the external flows of $ 65.2 million and $ 14.6 million, respectively. Other than this, ARKB, BTCOC, EZBC, BRRR and BTCW have not seen any flows.
This strong net flow shows strong institutional interest in bitcoin, mainly supporting the price path in the price and led to a positive feeling on the broader encryption market. The flows in the circulating investment funds such as IBIT and FBTC also indicated that the fund is largely flowing to BTC, and is affected by the conditions of the macroeconomic economy or feelings in traditional markets.
Flowing flows
The prominent financial outlets stated that the S&P 500 was also subjected to an increase of 0.5 % on May 9. This step also indicates many unique trading opportunities for investment lovers. After the flow, BTC has seen a 0.34 % increase in the past 24 hours and is currently trading at $ 103,484.
Technicians propose an upward momentum, with major indicators due to more upward trend. The Relative Power Index on the 4 -hour graph for BTC/USD at 75 at the time of the press. The averages of 50 -day movement and 200 days are $ 61,800 and $ 58,500, respectively.
According to reports from Glassnode, a 12 % increase was seen in the Bitcoin wallet addresses containing more than 1 BTC between May 8 and May 10 this year. This step referred to purchases by big players.
big flow By IBIT of $ 356.2 million indicates that traditional financial players direct money to encryption. This step is also said to settle on the price of Bitcoin, which is more than $ 64,000 in the future.
The news of the encryption was highlighted today:
German police seize $ 38 million from the Excring platform linked to $ 1.4 billion in penetration
