In a note to clients, Goldman Sachs analysts, one of the world's largest investment banks, advised against drawing conclusions based on data from previous Bitcoin halving cycles due to changing macroeconomic factors.

This view is supported by the slowdown in investment into Bitcoin ETFs, despite the fact that they have gained more than $12 billion in investments since the Securities and Exchange Commission (SEC) approved their launch in January. While the majority of these investments flowed during the last quarter, they lost momentum this month.

Markus Thielen, founder of 10x Research, pointed out the impact of “the initial buzz around the emergence of a new event, as investments coming into ETFs tend to slow down as prices do not continue to rise, which is what the situation has indicated since early March.” /March".