Bitcoin ETF Inflows Signal Resilience Amid 50% Price Drop

Eric Balchunas: “Even I’m Impressed

Bitcoin back above $70k despite the Iran conflict is impressive, markets seem to be shrugging off geopolitical risk faster than many expected. Bloomberg ETF Expert Eric Balchunas has put it that way: „Even I’m impressed.“ The strong ETF inflows of the past days show that institutional demand is still very real, even after a 50% total decline of BTC price.

The big question now is whether this is just a relief rally or if $60k maybe marked the bottom. If inflows keep absorbing supply like this, we could be seeing the start of a more sustained recovery. Either way, keep hodling guys, at one point in the near future we will see new ATHs.

ETF inflows are coming back, despite the market correction. Not much has changed for this driver of BTC price.