Bitcoin ETF Inflows Soar to $754 Million as Price Rises 5%

Bitcoin ETF inflows have surged to $754 million, marking the second-best weekly inflow of the year.

This influx of funds comes as Bitcoin's price has risen 5% in recent times.

Market analysts are still debating whether Bitcoin has found a bottom near $60,000, with some calling for a deeper fall and others predicting a July rally.

Astronomer, a market analyst, believes that boredom can be part of the process in forming a bottom, as price moves slowly and traders lose interest.

However, Astronomer notes that this view is not a confirmed bottom and that the current ETF buying does not prove that Bitcoin cannot fall again.