Deep Tide TechFlow News, February 11th, QCP published an analysis stating that Bitcoin and Ethereum have rebounded from last week’s lows. Spot Bitcoin ETF recorded a net inflow of $145 million yesterday, continuing the momentum of the $371 million inflow last Friday. This indicates that institutional demand is cautiously returning. The spot Ethereum ETF also reversed its downward trend, recording a net inflow of $57 million after three consecutive days of outflows. Meanwhile, Tom Lee’s BitMine continues to increase its Ethereum holdings, stabilizing market confidence in Ethereum.
On the macro front, geopolitical tensions between the US and Iran seem to have eased, and below-expected employment data has led traders to anticipate a possible rate cut in March. The cryptocurrency fear and greed index remains in the extreme fear zone at 9, indicating that market sentiment remains fragile.
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QCP: Bitcoin and Ethereum rebound, ETF capital inflows resume, but macro risks still remain
Deep Tide TechFlow News, February 11th, QCP published an analysis stating that Bitcoin and Ethereum have rebounded from last week’s lows. Spot Bitcoin ETF recorded a net inflow of $145 million yesterday, continuing the momentum of the $371 million inflow last Friday. This indicates that institutional demand is cautiously returning. The spot Ethereum ETF also reversed its downward trend, recording a net inflow of $57 million after three consecutive days of outflows. Meanwhile, Tom Lee’s BitMine continues to increase its Ethereum holdings, stabilizing market confidence in Ethereum.
On the macro front, geopolitical tensions between the US and Iran seem to have eased, and below-expected employment data has led traders to anticipate a possible rate cut in March. The cryptocurrency fear and greed index remains in the extreme fear zone at 9, indicating that market sentiment remains fragile.