Analysis: The relative stability of U.S. stocks indicates that the current bearish news has been absorbed, and the market may go through a short-term adjustment and fluctuation phase
Deribit's Asia-Pacific business head, Lin, stated in a post that this Monday, under high trading volume, Bitcoin ETF not only had no net inflow but instead saw a net outflow of $168 million (a total of 2896.22 BTC). The inflow to BlackRock's ETF was even zero. Fortunately, the market price was relatively stable when the U.S. stock market opened last night. This indicates that the current bearish news has been digested and the market may be undergoing a short-term adjustment and fluctuation phase.
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.
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