Odaily News Matrixport released today's chart, saying that from the daily chart since March 19, Bitcoin ETF funds continued to flow out, and the position in the futures market also fell simultaneously. From January to April, the cumulative net outflow of ETFs was close to US$5 billion.
However, we have recently observed a massive inflow of nearly $3 billion, and futures open interest has also increased. Interestingly, the funding rate remains at a low level.
It can be seen that the current new capital inflows mainly come from real long-term holding demand. Compared with the ETF buying driven by arbitrage funds at the beginning of the year, the overall bullish signal is more positive.