On Wednesday, the entries in the FNB Bitcoin listed in the United States exceeded $ 315 million, marking a net reversal compared to the $ 96 million in outings recorded the day before.
The sharp increase in demand reflects a bullish change in the feeling of investors despite the modest drop in the BTC price on Wednesday.
319 million dollars pour into BTC ETFs in one day
On Wednesday, none of the twelve ETF supported by BTC reported outings. According to Sosovalue, the entries in these funds have totaled $ 319.56 million, marking one of the strongest performances of a day in recent weeks.
The change of feeling underlines a renewal of the interests of retail and institutional investors, probably driven by a chance to buy the decrease and the growing confidence in the long -term potential of the BTC, despite the price oscillations in the short term.
Yesterday, the ETF Ibit of Blackrock experienced the highest net entrance, at 232.89 million dollars. To date, its total historical entry is 45.01 billion dollars.
The FIDELITY FBTC saw the second highest daily net entry, at $ 36.13 million, bringing its total historic net entries to $ 11.65 billion.
BTC decreases slightly, but the derivatives show that the bulls do not retreat
BTC is currently negotiated at $ 102,413, noting a modest price folding of 1% during the last day. However, market data indicates a persistent bullish feeling while cash prices drop.
For example, the rate of financing of the part remains positive, which indicates that traders are always ready to pay a premium to maintain long positions in perpetual term contracts. At the time of the press, it is 0.0025%.
The financing rate is a periodic payment exchanged between traders in perpetual term contracts to maintain prices aligned on the cash market.
When its value is positive like this, it indicates a bullish feeling and a higher demand for long. This means that traders occupying long BTC positions pay those that occupy short positions, a trend that could increase the value of the room.
In addition, the activity of the options shows a greater request for calls on put, suggesting that traders are positioned for short -term increase in potential.
In conclusion, the entries suggest that institutional investors can buy the decline, betting on a longer term recovery in the BTC price.
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