Bitfinex: Enhanced Stability of BTC through Increased Inflow of Spot Bitcoin ETF Funds

The bullish sentiment in Bitcoin investments is gradually emerging, mainly driven by the increase in funds flowing into the spot Bitcoin exchange-traded funds (ETFs) and the improvement in market trading conditions. According to research by Bitfinex analysts based on weekly market data, the price of Bitcoin has stabilized at around $60,000. The recently released Bitfinex Alpha report highlights three main factors that further strengthen confidence in the bottom price of Bitcoin: sustained high daily closing prices, massive outflow of Bitcoin from cryptocurrency exchanges, and increased funds flowing into the spot Bitcoin ETF market.