Glassnode: Bitcoin ETF Net Inflows Resumption Typically Signals Demand Recovery and Early Trend Reversal
BlockBeats News, October 24th, Glassnode posted data on social media indicating that spot Bitcoin ETF saw a net outflow of funds, a phenomenon that often occurs near local market lows, accompanied by a waning market sentiment. On the other hand, when the fund flow stabilizes or turns positive, based on historical patterns, it usually signifies the early stage of demand recovery and trend warming up.
In a previous report, according to Farside monitoring data, yesterday the US spot Bitcoin ETF saw a net inflow of $20.3 million.
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