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Bitfinex Analyst: ETF Inflows Could Support BTC Price Even as Spot Buyer Demand Weakens

Bitfinex Analyst: ETF Inflows Could Support BTC Price Even as Spot Buyer Demand Weakens

Bitget2024/09/25 13:29
BTC+1.21%

Bitfinex analysts say that ETF inflows can support BTC prices even as spot buyer demand wanes, and that continued ETF inflows could boost BTC prices, although BTC is expected to be range-bound in the near term as bitcoin spot market purchases slow down and cumulative incremental spot volume flattens out as the price reaches $63,500.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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