Core factors influencing the trends of BTC and ETH this week

This week, the trends of Bitcoin (BTC) and Ethereum (ETH) may be influenced by several core factors. According to analysis by Ryan Lee from Bitget Research, the cash flow from Bitcoin and Ethereum ETF funds could have a significant impact. Bitcoin ETFs have received a net inflow of approximately 5.6 billion USD in November, while Ethereum ETFs recorded a record increase of 300 million USD in one day, indicating a growing interest from traditional capital in the Ethereum ecosystem.

Additionally, the recovery and growth momentum of altcoins are also noteworthy. Many altcoins have recorded new highs in November, and the rotation among market funds may support liquidity for assets in the Ethereum ecosystem. The ETH/BTC exchange rate is also recovering, which is often accompanied by an upward trend.

Moreover, macroeconomic data from the United States could have significant impacts on market sentiment. Indicators such as the PMI for services and manufacturing, as well as retail sales figures, are expected to be released soon and could affect investor expectations regarding interest rates, thereby impacting the prices of BTC and ETH. The anticipation of interest rate decisions from the Federal Reserve (Fed) could also create volatility in the market.

In summary, this week presents many factors that could strongly influence the trends of BTC and ETH, including inflows from ETFs, market momentum from altcoins, and macroeconomic indicators from the United States awaiting release.