On-chain analyst Axel Adler Jr. stated via X that "as Bitcoin enters the late stage of a bear market, signs of easing selling pressure have appeared for the first time in the spot ETF market." On the most recent trading day, a total of $223 million flowed into US spot Bitcoin ETFs. Among these, Fidelity's FBTC recorded $166 million and Ark's ARKB recorded $91.8 million, absorbing most of the funds. He assessed that this net inflow is a signal indicating the potential recovery of institutional investment demand during a bear market phase.
