However, that's not the only factor fueling the surge, as Chinese capital outflows have sparked a recent correction.has surged over 50% since the launch of the first Bitcoin ETFs, fueled by a continuous stream of investor money flowing into these exchange-traded funds.This surge catapulted the ETF into the top 10 for consecutive daily inflows. And that's not all - total stablecoin supply surpassed $165 billion for the first time since June 2022.
China's net outflows surged to $39 billion in March, a sharp increase from $11 billion in February. This rapid pace of outflows hasn't been seen since September 2023, marking a significant uptick in recent months. Each of these cycles saw significant increases, ranging between about 200% and 300%. Notably, the current cycle stands out as it marked a new all-time high before the halving event, a distinction not shared by the previous cycles.
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