Based on the information gathered, ETFs have experienced a positive net influx of $122.1 million in the current week. This continuous influx of capital signifies a robust demand from buyers, which serves as a strong support for the Bitcoin market. Santiment’s on-chain analysis further reinforces this trend, revealing that Bitcoin wallets possessing a minimum of 10 BTC have augmented their holdings by 154,560 BTC within the preceding five months. The accumulation pattern demonstrated by these larger wallet holders plays a vital role in indicating market sentiment typically associated with bullish periods.
