币界网报道：Institutional investors have injected over $4 billion into Bitcoin ETFs since their launch, yet Bitcoin prices remain flat around $43,000. Analysts suggest the muted price action may stem from market makers hedging inflows by shorting Bitcoin futures, offsetting spot demand. Despite the substantial capital inflows, Bitcoin's price has struggled to break out of its recent range, with some attributing the stagnation to profit-taking by early investors and miner selling. Experts note that while ETF flows are a positive long-term indicator, short-term price movements depend on broader market sentiment and macroeconomic factors. The current consolidation phase could set the stage for the next major price move as institutional participation grows.