More than $1 billion has flowed into Bitcoin ETFs, yet the price hasn't moved at all, creating a strange situation that continues. This is truly a state of limbo, isn't it? Funds are definitely coming in, but for some reason, they aren't translating into buying pressure.



According to analysts, there are several reasons behind this. One is that ETF fund inflows are not necessarily new money; they include the transfer of existing positions and reallocation by institutional investors. In other words, overall money flow might be neutral.

Another reason is the psychological weight in the overall market. No matter how much capital flows in, selling pressure and profit-taking activities could be offsetting that. Currently, Bitcoin's price hovers around $74K, but it's uncertain how long this stalemate will last. In the short term, it seems likely that this limbo will continue.
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