According to CoinMeta, Bitcoin ETF saw a net inflow of $7.54 million this week, driving the price of BTC up by 5%. A total of 11,792 Bitcoins (approximately $7.54 million) flowed into the wallets of ETF providers this week, marking the second-highest weekly inflow of the year. This data indicates a recovery in market demand, although the price of BTC is still below the cost benchmark for short-term holders. Market analyst Darkfost pointed out that the recent improvement in ETF inflows represents a clear change from the previous negative trend. Nevertheless, analyst Astronomer still believes that the market needs more time to confirm a bottom. The current ETF buying activity is good news for Bitcoin bulls, but it does not mean that Bitcoin will not fall again.