The US Bitcoin ETFs saw a significant influx of $924.48 million in net investment last week, according to recent data.
This influx led to a decrease in open positions from 331,100 BTC ($78,598.00) to 318,600 BTC.
The increase in funding rates has raised concerns about new congestion risks in long positions, Metaplanet CEO Simon Gerovich noted that Bitcoin is not something that can be sold.
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