TechFlow news, April 30 — Matrixport released a chart today stating, "From the daily chart starting March 19, Bitcoin ETF funds have seen continuous outflows, and open interest in the futures market has also declined simultaneously. From January to April, ETFs accumulated nearly $5 billion in net outflows.
However, recently we have observed nearly $3 billion in large-scale capital inflows, accompanied by a simultaneous increase in futures open interest. Interestingly, funding rates remain at relatively low levels.
This indicates that the current new capital inflows mainly stem from genuine long-term holding demand, representing a more positive overall bullish signal compared to the arbitrage-driven ETF buying seen at the beginning of the year."
