‍Bitcoin Recovers Above $68,300 Amidst Strong ETF Inflows

Bitcoin has seen a significant recovery, climbing 4.4% to approximately $68,300. This surge is attributed to renewed institutional interest and positive macroeconomic factors. U.S. spot Bitcoin ETFs experienced their largest single-day inflow in nearly three weeks, amounting to $506 million.

On-chain data, including a positive Coinbase Premium Index and a 25% drop in on-chain outflows, suggests that institutional demand in the U.S. is increasing and risk appetite is improving. However, some analysts remain cautious, noting a decline in futures volume and suggesting that the current conditions might not yet indicate a definitive market bottom.

https://cryptovka.com/news/bitcoin-selling-pressure-eases-as-spot-etfs-draw-506m-inflow