TechFlow news, according to Decrypt, on June 26, Bitcoin's price rebounded by 5%, rising from $59,495 to $61,485. Data from analytics platform SoSovalue shows that net inflows into U.S. spot Bitcoin ETFs exceeded outflows for the first time in two weeks, reaching $31 million. This indicates a recovery of institutional investor confidence in Bitcoin.
Analysts believe fears of immediate Bitcoin selling by Mt. Gox creditors have been overstated. Off the Chain Capital's trading report suggests that Mt. Gox creditors, who will begin receiving repayments next week, may not immediately sell their Bitcoin holdings. CEO Brian Dixon stated that Bitcoin has matured significantly since Mt. Gox's bankruptcy in 2014, making it unlikely that creditors will rush to sell their Bitcoin as they might have done years ago.
