Bitcoin ETFs just experienced their strongest inflows since March (based on a 14-day rolling window).
This is exactly the kind of momentum needed to drive Bitcoin's price upward.
The key metric here is how many Bitcoins the ETFs can accumulate per unit of time. The stronger the accumulation, the more buying pressure is exerted on the pool of liquid BTC, potentially causing the price to surge.
Let's see if this trend continues.
P.S. This chart is part of our "Charts of the Week" series.
For more insights, check out: ecoinometrics.substack.com/p/b...
Follow @ecoinometrics for more charts and analysis on crypto and macro.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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