Bitcoin stalls below $70K despite $20B ETF inflow milestone 📉
Despite Bitcoin Exchange-Traded Fund (ETF) inflows reaching a significant milestone of $20 billion, Bitcoin's price remains stalled below the $70,000 mark. This is surprising to many, considering such influxes are generally expected to positively impact prices.
Market analysts suggest that the inflows seen from Bitcoin ETFs might have a delayed effect on the actual Bitcoin price, typically requiring several days for the impact to become apparent.
This lag exists due to market dynamics that need time to absorb the inflow's effects. As a result, while ETFs indicate strong interest and investment in Bitcoin, immediate price changes are not always evident.
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