Analysis: Bitcoin ETF and Futures Fund Flow, Overall Bullish Signal More Positive

BlockBeats News, April 30th, Matrixport released its daily chart analysis, stating that based on the daily chart since March 19th, Bitcoin ETF funds have continued to flow out, and the open interest in the futures market has also decreased accordingly. From January to April, ETFs have seen a cumulative net outflow of nearly $5 billion.

However, a recent observation shows a large-scale inflow of nearly $3 billion, with an increase in open futures contracts. The funding rate remains at a relatively low level.

Therefore, it can be seen that the current new capital inflow mainly comes from genuine long-term holding demand. Compared to the ETF buying driven by arbitrage funds at the beginning of the year, the overall bullish signal is more positive.