Bitcoin ETFs rebound with $166.5M inflows despite BTC price dip
Bitcoin ETFs saw a significant rebound with $166.5 million in inflows on February 10, reversing a trend of recent outflows. Leading the inflows were ARKB, FBTC, and IBIT. Despite this renewed institutional interest, Bitcoin's price declined by 3% to around $66,820, and on-chain activity decreased, indicating weaker short-term interest. However, Bitcoin's market dominance remained strong at 59%, suggesting large investors are accumulating while smaller traders exit. The derivatives market also saw a healthy reset as open interest halved, reducing systemic risk. Inflows were also recorded in Ethereum, Solana, and XRP ETFs, signaling institutional diversification beyond Bitcoin. The market appears to be stabilizing, with long-term investment growing amid reduced volatility.
ambcrypto02/11 22:02