Bitfinex analyst: ETF inflows can support BTC prices even if spot buyer demand weakens

Odaily News Bitfinex analysts said that even if spot buyer demand weakens, ETF inflows can support BTC prices. Continued ETF inflows may boost BTC prices. However, as Bitcoin spot market purchases slow down, the cumulative spot trading volume increment will flatten when the price reaches $63,500. BTC is expected to fluctuate in a range in the short term. (Cointelegraph)