Bitcoin ecosystem recorded consistent high daily closes, massive BTC outflows from crypto exchanges and inflows into the spot Bitcoin ETF market.
A bullish sentiment surrounding Bitcoin investments is emerging, fueled by increasing inflows into spot BTC exchange-traded funds (ETFs) and favorable trading conditions.
Bitfinex researchers believe that Bitcoin (BTC) has established a bottom price of around the $60,000 mark based on studying the weekly market conditions.
The recent Bitfinex Alpha report highlighted three key developments that reinstated this belief — consistent high daily closes, massive BTC outflows from crypto exchanges and inflows into the spot Bitcoin ETF market.
