A simple run rate of this partial figure gives us a projected $3.4 billion in net inflows by the end of the month — the highest print since September–October last year, back when BTC traded above $100,000.
This leads us to believe that the market’s reaction to recent tailwinds has been slower than expected, giving late buyers a chance to still enter this rally as early winners take some profits off the table and traders take a breather.
Whales continue to take positions that favor a bullish outlook, as top wallets holding from 1 to 100,000 coins have added 10,000 more BTC tokens this month.