Bitcoin's spot ETF funds saw net capital inflows for the second day in a row, attracting a total of 76.42 million.

This trend shows a dramatic change in the sentiment of institutional investors, as the market has seen a continuous withdrawal of capital from these funds in the past week.

On Monday, April 15, about 1.47 million of capital had entered the funds, a sign of the beginning of a repositioning of some large investors, with the aim of exploiting possible price growth in the future.

This gradual return on capital to bitcoin ETFs suggests a renewed confidence in the cryptocurrency's long-term outlook, even despite short-term volatility.

Among the funds, Tuesday's largest net entry was owned by the IBIT BlackRock Fund, which attracted 38.22 million in capital.

With this attraction, the total capital inflow to the fund reached 39.64 billion. The arkb fund, owned by Ark Invest, also ranked second with 13.42 million, bringing the total capital attracted to the fund to 2.60 billion.

Meanwhile, the cryptocurrency market has experienced a significant decline in trading activity in the past 24 hours, and the total market value has fallen by almost 40 billion. Bitcoin also fell 2.63 percent to 83,443.

The price drop was accompanied by a 5% drop in the bitcoin futures index, which shows that many traders are closing leveraged positions and temporarily withdrawing from the market.

However, not all signs are down, as bitcoin's funding rate has returned positive to 0.0032 percent.

This shows that a large number of traders are still opening up buying positions and hoping for a return to the market.