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In the latest TechFlow news on February 20th, according to CryptoQuant CEO Ki Young Ju, the demand for Bitcoin ETF has slowed down, but it still remains in a net inflow state.
He stated that the current bull market cycle will continue until there is a clear outflow of ETF funds, while the continued net outflow demand will herald the beginning of a bear market cycle.
Ki Young Ju emphasizes that the only truly important factors in the market are supply and demand, and all other factors are just market noise.