Analyst: The significant rise in BTC price is yet to occur, possibly due to the delayed effect of ETF inflows

Despite a large influx of funds into Bitcoin ETFs last week, the BTC price did not seem to rise significantly. Bitfinex analysts suggest that the lack of a significant increase in BTC prices may be due to the delayed effect of ETF inflows, which could take several days to impact spot BTC prices. The direct influence of Bitcoin ETFs on price is limited and usually takes several days to form a bullish momentum.

Analysts said: "Typically, this means that a large influx of ETF funds has little impact within a few days. Once the enthusiasm of spot market buyers wanes, the market will reverse and decline. We need sustained interest in the spot market to drive prices out of their current range fluctuations." (Cointelegraph)