Deribit Asia Pacific Business Director: If the market rises again next week, this wave of bottoming out may be over
According to Jinse Finance, LinChen, head of Asia Pacific business at Deribit, said that except for a small amount of net outflow on Tuesday and Wednesday and a break on Thursday due to Independence Day, the BTC spot ETF had net inflows on the other days, with a total weekly net inflow of $237.8 million. Market sentiment remained sluggish this week, but BTC rebounded from $54,000 to $57,000. Next Monday, pay attention to the opening of the U.S. stock market. If it rises again, this wave of bottoming out may be over.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Today's Fear and Greed Index remains at 28, indicating a level of fear.
"1011 Insider Whale" closed a 5x short position of 5,000 ETH, earning approximately $55,000 in profit.
ETH ICO address transfers nearly $120 million worth of ETH to a new wallet after 10 years