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Woofun AI reports that CryptoQuant analyst Axel Adler Jr. identified Bitcoin as entering the late phase of a bear market, citing initial signs of reduced selling pressure within US spot ETFs.
On the latest trading day, US spot Bitcoin ETFs attracted $223 million in net inflows. The majority of this capital flowed into FBTC, which gained $166 million, and ARKB, which received $91.8 million.