10x Research: After the CPI release, Bitcoin ETF net outflows exceeded $1 billion, and market "inflation trading" sentiment reignited

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ME News Report, May 18 (UTC+8), Cryptocurrency research firm 10x Research stated that since the release of the US CPI data on May 13, Bitcoin ETFs have experienced outflows of over $1 billion, and market “inflation trading” sentiment has reignited. Market sentiment indicators have dropped from 87% to 45%, while US long-term Treasury yields continue to rise, with the 30-year US Treasury yield reaching 5.12%. Inflation has once again become the market focus, and the crypto market is experiencing a noticeable impact. Additionally, 10x Research said its model has triggered a bearish signal for Ethereum, and Bitcoin is currently testing the critical support at the 30-day moving average. If it confirms a break below, it could indicate further deterioration of momentum. Institutions are focusing on the short-term bullish/bearish dividing line at $79,125 and the key support level at $76,922. The bottom of this cycle may have already formed. (Source: ODaily)

BTC-1.97%
ETH-3.57%
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