Bitcoin ETFs attract inflows for five consecutive days: The real driving force behind BTC's return to $93,000

[Crypto World] Bitcoin ETFs have received more good news—there have been five consecutive trading days of net capital inflows. On Tuesday alone, they absorbed $58 million, and at the same time, the BTC price has risen back above the $93,000 mark.

Market analysts believe that the recent selling pressure was actually not closely related to ETF outflows. The real factors at play were the mass liquidation of leveraged positions, combined with ongoing macroeconomic uncertainties. The combination of these two forces drove the price down.

Recently, two other developments have boosted market confidence: Vanguard Group has suddenly changed its policy stance and started allowing crypto ETF trading on its platforms; meanwhile, the new SEC Chairman, Paul Atkins, has proposed an “innovation exemption” framework for digital assets and has spoken publicly about it. These moves have signaled to investors that the regulatory environment could be turning more favorable.

Judging from capital flows and price performance, the market is gradually digesting previous panic. Whether this rebound can continue will depend on macroeconomic factors and the willingness of institutional funds to keep entering the market.