Bitcoin ETF has attracted over $45 billion, but the $45,000 mark faces selling pressure resistance from retail investors.

On June 20, a research institution released its latest weekly report indicating that Bitcoin ETF has accumulated over $45 billion in inflows, with stable corporate allocation demand and continued growth in institutional interest. However, despite the ETF’s strong capital attraction, there remains a hidden selling pressure risk in the market, especially when Bitcoin prices approach the average retail investor holdings cost over the past year (around $45,000), which may reveal potential selling pressure and pose certain resistance to the rise.

The report also pointed out that due to some funds flowing into Bitcoin ETF in Q2 2024 and still being in a loss state, the market structure adjustment may continue in the short term. The key is whether Bitcoin can break through the existing range and drive a new round of funds entering the market.