Coinspeaker
Bitcoin Price Rally Past $70,000 Welcomes Record Capital Inflows Thanks to Spot BTC ETFs

Bitcoin’s recent rally has ushered in a wave of unprecedented capital inflows, driven largely by short-term whales and spot BTC ETF buyers. These investors have collectively realized a substantial 16% unrealized profit, amounting to a staggering $16.3 billion.  Despite some recent outflows from US exchange-traded funds, Bitcoin has shown remarkable resilience, surging back above the $70,000 mark.

In a recent tweet, Ju talked about the huge increase in short-term Bitcoin whales, such as spot ETF buyers, who have added up an amazing 16% unrealized profit worth a total of $16.3 billion.

#Bitcoin is experiencing historic capital inflows.

Short-term $BTC whales, including spot ETF buyers, have gained a 16% unrealized profit, totaling $16.3 billion.

Spot ETFs deserve appreciation for their contribution to the crypto industry. pic.twitter.com/5MFFQyqsN6

— Ki Young Ju (@ki_young_ju) March 26, 2024