Market sentiment is heating up again! Five major factors help Bitcoin to rise!

Market sentiment is heating up again and is turning bullish on Bitcoin!

On April 6, crypto market maker QCPCapital said in its latest market report that although Bitcoin price fluctuations were limited in the past week, market sentiment is turning bullish on Bitcoin, mainly based on the following five reasons:

1. In recent days, the inflow of spot Bitcoin ETFs has increased significantly, reaching US$232 million on Thursday;

2. Traditional financial giants such as Citadel, Goldman Sachs, UBS and Citi will serve as authorized participants of BlackRock Bitcoin ETF, which is good news;

3. The market continues to buy a large number of Bitcoin call options (there is a large amount of selling of Ethereum call options);

4. The funding rate of Bitcoin perpetual contracts is flat, the forward curve is lower, and the leverage level is reduced;

5. The upcoming Bitcoin halving narrative.

I am V Mingge (JCT225), who has been in the trading market for more than ten years. If you have any questions, find Mingge. Welcome to find Mingge to chat together!