Crypto Daily – A gigantic net inflow of $827M to the Spot ETFs on Tuesday helped to push $BTC practically to its all-time high of $73,800. The price has since pulled back to settle around $72,000. Will the $BTC price now go on to top that all-important landmark, or is a retracement on the cards first?
Third-largest Spot Bitcoin ETF inflow day
The 11.82K BTC purchased by the U.S. Spot Bitcoin ETFs on Tuesday was the third-largest one day inflow since the launch of these ETFs in early January this year. The largest inflow, equivalent to $1.04 billion, came just before the all-time high in March.
The Bitcoin buying spree just goes on and on, with only one small outflow day in the last twelve days, which have mustered the equivalent of more than $4 billion into the Spot Bitcoin ETFs.
If this kind of buying continues, it would perhaps be a matter of when, and not if, Bitcoin will surpass its all-time high and enter the next, potentially parabolic stage of its bull…
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