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The market is once again optimistic that BTC can break through the $70,000 mark, and funds are steadily flowing into ETFs.
According to data, the inflow scale since the beginning of the year has reached $27 billion, nearly three times the record high point in 2021.
BTC experienced a significant pullback of 6.2% last week, followed by an immediate rebound pump. A total of 5,246 BTC, equivalent to 360.28 million US dollars, flowed into ten US BTC ETFs. The total on-chain holdings of US Spot BTC ETFs reached 1.04 million BTC, with a value of 69.1 billion US dollars.
Some analysts believe that no matter who wins the US election, BTC will reach $80,000 by the end of November, hitting a record high.
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