Key Bitcoin sentiment indicators have quickly shifted into “greedy” territory amid a rebound in the cryptocurrency market and growing Bitcoin ETF Capital .
Bitcoin sentiment has gone from “very fearful” to “greedy” and “FOMO” in just a few days, with Bitcoin gaining more than 12% in the past week.
In a July 16 post on X, crypto analytics platform Santiment noted caution amid the sudden bullish reversal. They say much of the market's newfound optimism comes from investors warming to the possibility of Donald Trump's crypto-friendly running mate, JD Vance, winning. won the November election.
Meanwhile, in the three days from July 13 to July 16, the Bitcoin Crypto Fear & Greed Index sentiment tracking index shifted from "extreme fear" to "greed" amid the recovery of the cryptocurrency market. .
Spot Bitcoin ETFs are also showing strong signs, with a list of 11 funds pulling in a total net inflow of $300.9 million on July 15. According to FarSide Investor data, BlackRock and Ark 21 Shares funds led the group with identical inflows of $117.2 million on the day.
According to CoinShares data, digital asset investment products saw price-correcting buying with Capital of $1.44 billion last week, bringing Capital YTD (YTD) to a record of 17.8 billion USD, far exceeding the Capital flow in 2021 of 10.6 billion USD. Volume remained low though at $8.9 billion for the week, compared with a seven-day Medium this year of $21 billion.
Regionally, the United States led the way with $1.3 billion for the week, although positive sentiment was seen in all other countries, most notably Switzerland (a record this year for Capital inflows). in), Hong Kong and Canada with 58 million USD, 55 million USD and 24 million USD respectively.
Bitcoin saw the 5th largest weekly inflow on record at $1.35 billion, while Short-bitcoin saw the largest weekly outflow since April at $8.6 million .
A host of altcoins have seen Capital inflows, most notably Ethereum, which saw a $72 million Capital last week, the largest Capital since March and possibly due to predicts the imminent approval of the Spot Ethereum ETF in the US.
Solana, Avalanche, and Chainlink saw Capital of $4.4 million, $2 million, and $1.3 million, respectively.
Bitcoin price has bounced since its July 5 low of $53,500, which came amid explosive selling pressure on BTC with the German government and negative sentiment stemming from concerns about around 8.5 billion dollars in BTC returned to creditors of cryptocurrency exchange Mt.Gox.
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The article US Spot Bitcoin ETFs See $300 Million Inflows in Seventh Consecutive Day of Positive Capital appeared first on CoinMoi .
