Bitcoin ETF demand could rise as prices drop, crypto analyst s | Bitcoin Magazine
Bitcoin ETF demand could rise as prices drop, crypto analyst suggests
Amid Bitcoin’s price decline, the spot Bitcoin ETF market has been gloomy recently. Despite these persistent declining net flows, Ki Young Ju, a prominent analyst and CEO at CryptoQuant, has predicted a possible resurgence in the spot Bitcoin ETF market. Using data from the historical netflow trends, the analyst noted that demand for Bitcoin ETFs usually kicks in when the cryptocurrency traces to certain support levels.
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