Matrixport released a daily chart analysis stating that in the past eight weeks, Bitcoin ETFs have attracted a total of $11.2 billion in new funds, yet the price of the currency has only risen by about 10%. This flat increase may reflect some market participants selling on the trend or re-entering after observing. Overall, the bullish logic still holds true: the Bitcoin market has formed stable buying support. Although the sources of buying support are constantly changing, ETFs have seen almost no sustained net outflows. Compared to the Trump election period, MicroStrategy's current pace of increasing positions in Bitcoin has slowed slightly, but stable fund inflows continue to provide solid support for the Bitcoin price.
