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[Bitfinex Analyst: BTC Price Has Not Risen Significantly Due To The Delayed Effect Of ETF Inflows] Although A Large Amount Of Funds Flowed Into The Bitcoin ETF Last Week, The BTC Price Did Not Seem To Rise Significantly. Bitfinex Analysts Said That The Reason Why The BTC Price Did Not Rise Significantly May Be Due To The Delayed Effect Of ETF Inflows, Which May Take A Few Days To Affect The Spot BTC Price. The Direct Impact Of Bitcoin ETF On The Price Is Limited, And It Usually Takes A Few Days To Form A Bullish Momentum. The Analyst Said: "Usually, This Means That A Large Amount Of ETF Capital Inflows Will Have Little Effect Within A Few Days. Once The Enthusiasm Of Spot Market Buyers Fades, The Market Will Reverse And Fall. We Need Continued Spot Market Interest To Drive Prices Out Of The Current Range Fluctuations." (Cointelegraph)
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