Bitcoin Sees Renewed Long-Term Demand Amid ETF Outflows: A Shift in Market Dynamics

In a recent analysis by Matrixport, highlighted in COINOTAG News on April 30th, the trends in the cryptocurrency market indicate a notable shift in investor behavior. Since March 19th, **Bitcoin ETF** funds have experienced significant **outflows**, totaling nearly **$5 billion** between January and April. This trend is paralleled by a decline in **open interest** in the futures market. However, a promising development has emerged with an influx of nearly **$3 billion** in new capital, suggesting a resurgence in demand. This capital inflow aligns with an increase in open futures contracts, hinting at renewed market engagement. Importantly, the **funding rate** has stabilized at a low level, reinforcing the notion that current investments are fueled by genuine long-term holding strategies rather than speculative activities seen earlier this year. This shift underscores a more bullish sentiment in the market, indicating a potentially stronger foundation for future growth.