Bitcoin Enters Late Bear Market Phase as US Spot ETFs Show Reduced Selling Pressure

CryptoQuant analyst Axel Adler Jr. says Bitcoin has entered the late bear market phase, and for the first time, US spot ETFs are showing signs of reduced selling pressure.

In the latest trading day, a US spot Bitcoin ETF saw net inflows of $223 million.

The majority of demand went towards FBTC (+$166 million) and ARKB (+$92 million).