Part 6/10:
New ETFs have poured billions into Bitcoin over just recent weeks, with inflows consistently increasing. Notably, in 54 days, approximately 484,000 Bitcoin are now held in nine prominent ETFs, reflecting a significant shift in institutional custody. Meanwhile, Bitcoin has been gradually draining from exchanges—only around 2,584 Bitcoin disappeared in a day—highlighting ongoing accumulation.
Interestingly, market sentiment and recent data challenge some traditional fears, such as options expiration fears, which Bitcoin has largely shrugged off. Despite a record $1 billion options expiry, Bitcoin held steady above $70,000, illustrating strong bid support and resilience.