BlockBeats News, July 22nd, Bloomberg's senior ETF analyst Eric Balchunas stated that since the United States' 250th Independence Day, Bitcoin has risen by about 8% in total, outperforming most assets. At the same time, inflows into Bitcoin spot ETFs have started to rise again, with a net inflow of approximately $750 million in the past week.

Balchunas expressed that it is still difficult to fully believe that this round of rise has formed a stable trend. However, after Bitcoin experienced a previous pullback, a subsequent rebound was not unexpected. The future trend is still under observation.