#比特币现货ETF资金流动 I've been a bit confused recently by the capital flows related to Bitcoin spot ETFs, but today I finally see some clues 🤔

According to analysts, the inflow of Bitcoin on Binance has surged significantly, indicating that big players are starting to become more active again. I used to think it was retail investors speculating, but now I realize that institutional players have been positioning themselves all along. It feels like Q1 might be quite lively, with prices oscillating within a range but experiencing very sharp fluctuations—this is both exciting and a little nerve-wracking for newcomers, as a slight misstep could lead to a "sharp drop."

But the most encouraging sign is that long-term holders are beginning to turn into net buyers, which means that even within the trading range, the support at the bottom is becoming more solid. From another perspective, this actually indicates that the market is gradually gaining momentum rather than just speculating wildly.

Recently, I've also been pondering how ETF capital inflows specifically impact prices; I feel this is the real key to determining the market direction. Can any experts briefly explain the direct relationship between ETF capital flows and coin prices? I really want to understand this logic thoroughly 🙏