CoinShares research head James Butterfill said that after approximately $8 billion in cumulative outflows over eight consecutive weeks, crypto funds have resumed net inflows in the past two weeks. U.S. CPI and PPI data coming in below expectations prompted the market to reprice rate-cut expectations again, and that in turn drove inflows into Bitcoin. However, CoinShares expects that unless there is a clear change in monetary policy expectations, Bitcoin will still trade in a range in the short term, and the likelihood of breaking above $80k remains limited.

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