Opinion: Data from the past 8 months shows that the price of BTC has been greatly influenced by the flow of funds from Bitcoin ETFs in the United States

According to HODL15 Capital, the inflow/outflow of Bitcoin ETFs in the United States is highly correlated with the price of BTC: when the inflow of Bitcoin ETFs is large, the price of BTC is relatively high; when the outflow of Bitcoin ETFs is large, the price of BTC tends to be downward.