Bitcoin ETF inflows rebound as BTC price approaches crucial $50,000 support level.

Bitcoin (BTC) experienced further weakness on February 23 as institutional investment slowed down, leading to consolidation in the market. BTC price struggled around $51,000, remaining in a narrow trading zone for over a week. Concerns arose over inflows to spot Bitcoin exchange-traded funds (ETFs), with a net outflow of $36 million on February 21. However, February 22 saw stronger activity, with net inflows of over a quarter of a million dollars. James Van Straten, a research and data analyst at CryptoSlate, responded by saying that “normality resumed” with a $251 million inflow into Bitcoin ETFs. Thomas Fahrer, CEO of Apollo, predicted that BlackRock’s iShares Bitcoin ETF (IBIT) would change BTC supply dynamics in the future, as it currently holds 124,535 BTC ($6.35 billion). BTC price analysis showed that the uptrend remained intact but important support levels were now in play, including the 88-period and 100-period exponential moving averages (EMAs) on the four-hour chart and the 18-period EMA on the daily chart. This article does not provide investment advice, and readers should conduct their own research before making any decisions.