Part 8/12:
Exchange-Traded Funds (ETFs) continue to influence market dynamics. Despite some notable outflows, overall ETF activity since March remains robust. Notably, BlackRock had been purchasing nearly a billion dollars’ worth of Bitcoin per day but has been silent over the past five days, raising questions about institutional strategies.
Additionally, data shows that the average purchase price for Bitcoin among ETF investors hovers around $57,000—close to current prices—meaning many newer investors are not yet underwater, which could stabilize optimism if prices move upward.
Market Indicators and Future Outlook
Technical charts reinforce a narrative of possible stabilization: