Analysis: BTC builds a bottom in sideways trade as ETF inflow impact stays limited

Bitcoin appears to be building a bottom amid a dull sideways trading range, The Block reported. According to the media outlet, U.S. spot Bitcoin ETFs saw $211 million in net inflows on Aug. 4, local time, yet BTC showed little price reaction. Analysts interpreted the divergence not as a sign the market is preparing for a decline, but as an extremely compressed phase awaiting direction. Wintermute analyst Jasper De Maere emphasized, "비트코인이 단기간 내 6.5만 달러를 확실하게 돌파해야만 현재의 회복 시나리오가 유효하다고 볼 수 있다".