Expert: Bitcoin's Rebound Supported by Institutional Entry Price

Bitcoin's recent rebound near the average entry price of institutional investors since the approval of spot ETFs is providing significant support, according to CryptoDan. According to NS3.AI, CryptoDan noted that the inflows from spot ETFs are creating a structural difference in the current market cycle compared to previous ones. However, he cautioned that it is still premature to declare a market bottom.