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Thunder765
@thunder765
The sustained inflows into Bitcoin spot ETFs could potentially establish a new price floor for Bitcoin. As more institutional and retail investors gain exposure to Bitcoin through these regulated financial products, the increased demand may create a robust support level. This is because ETFs typically hold the underlying asset, reducing available supply in the market. However, market sentiment, macroeconomic factors, and regulatory developments also play crucial roles in price determination. While ETF inflows are a positive indicator, they are not the sole determinant of Bitcoin's price support.
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