These past two days, Bitcoin has suddenly strengthened, mainly because ETF funds are flowing back in significantly, and the market is beginning to anticipate possible interest rate cuts in the United States. Overall risk asset sentiment is warming. Recently, many people were bearish, but instead of falling, BTC has been rising steadily, causing a large number of short positions to be squeezed, which quickly pushed the price higher. Additionally, with the recent instability in the Middle East, some funds are also starting to view Bitcoin as one of the safe-haven assets again.

BTC-1.29%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin