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Bitcoin ETFs Sees $105M Inflows

Bitcoin ETFs witness a significant influx of $105M on June 3 — showing rising market optimism and setting Bitcoin for possible gains.
Bitcoin ETFs Sees $105M Inflows

Bitcoin ETFs are on a roll, earning $105M on June 3 and $2.40B over the last three weeks. Fidelity's FBTC leads with high inflows, indicating strong investor interest. The 15-day uninterrupted inflow streak reflects a jump in global liquidity. This streak implies that Bitcoin may be going further into its bull market.

With a loose monetary policy implying broader economic effects, Bitcoin is a popular alternative asset. Investors flock to it as a hedge against fiat currency inflation. The market's behavior implies Bitcoin is gaining momentum, as evidenced by a daily average inflow of $136M, which significantly outweighs miner sell pressure.

Despite recent market corrections, accumulation signals emerge, including bigger investor confidence following the Bitcoin halving. Bitcoin's realized capitalization approaches $600B, indicating a renewed positive mood.

As Bitcoin consolidates and maintains a pattern of higher lows, the outlook appears positive. Key signs point to probable uptrends, although negative reversals remain a possibility. For now, Bitcoin remains stable around the $69K level, with the market anticipating its next move.

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