Binance's CZ is back : $150,000 BTC Forecast?
His release is likely to boost Bitcoin's recent advances by restoring Binance's credibility and reducing market anxiety.
On September 27, spot Bitcoin ETFs received $494 million, increasing the weekly total beyond $1 billion.
Rising institutional interest might boost Bitcoin prices.
He was released two days early due to a weekend policy.
Binance's AML standards were inadequate, hence Zhao was punished.
Binance Coin (BNB) gained somewhat after his publication. CZ resigned as CEO but paid a $50 million fine and was banned for life. He remains the company's principal shareholder.
Zhao received a reduced three-year sentence from U.S. prosecutors owing to his clean background and good character.
CZ enjoys crypto community support despite legal troubles, with many wondering about his future effect on Binance.
Bitcoin ETF Inflows Reach $1.1B, Signaling Institutional Confidence
Bitcoin ETFs gained $494 million on September 27, increasing the weekly total to over $1.1 billion. The ARK 21Shares ETF topped with $203 million, followed by Fidelity and BlackRock's Bitcoin ETFs with $124 million and $110.8 million.
Grayscaleâs Bitcoin Trust won $26.2 million after two weeks of drought.
Institutional confidence is rising, suggesting a fourth-quarter Bitcoin gain.
Global monetary easing, including new People's Bank of China policies, is reviving Bitcoin as an economic hedge.
Institutional optimism suggests a Q4 rise.
China's Impact: New liquidity measures encourage BTC investor interest.
Bitcoin ETF inflows indicate institutional interest and suggest a price rebound in the coming months.
Bitcoin (BTC/USD) is down 0.15% in 24 hours to $65,550, suggesting a reversal.
Bitcoin's 50-day Exponential Moving Average (EMA) of $65,350 provides immediate support.
Below this level, $64,790 and $64,170 might be support targets for more negative pressure.
