CryptoQuant Analyst Axel Adler Jr.: U.S. Spot Bitcoin ETFs Post $223 Million Net Inflow

CryptoQuant analyst Axel Adler Jr. said Bitcoin has entered the late stage of a bear market, citing signs that selling pressure in U.S. spot ETFs is easing. According to ChainCatcher, U.S. spot Bitcoin ETFs recorded net inflows of $223 million in the latest trading session. Most of the demand was concentrated in Fidelity’s FBTC, which saw $166 million in net inflows, and ARKB, which recorded $91.8 million in net inflows.