Bloomberg Analyst: Bitcoin ETF Sees Large Inflows, but Signs of a Dead Cat Bounce Remain
According to Odaily, Bloomberg Senior ETF Analyst Eric Balchunas posted on X that yesterday, bitcoin ETFs attracted approximately $500 million in inflows, marking the largest single-day increase in recent times. Over the past two days, the total inflow reached about $750 million, occurring amid strong market pessimism. He described this influx as "like hitting a home run during a slump," providing a boost to the market. Since the beginning of the year, bitcoin ETFs have still seen a cumulative net outflow of less than $2 billion. However, it is not yet clear whether this signals the start of a true rebound or is merely a short-lived "dead cat bounce."
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.
You may also like
Storage supply shortage may extend to 2028! UBS raises earnings for Micron (MU.US), optimistic about HBM demand and additional share repurchases
UBS's latest research report provides a forward-looking analysis of Micron Technology for Q4 of fiscal year 2026 (August) and fiscal year 2027. The core logic points to a continuously widening supply-demand gap in the memory industry, with market focus gradually shifting from short-term trading momentum to cycle sustainability and capital returns.
Crypto prices
More
