Golden Finance reported that 10x Research said in its analysis that monitoring and analyzing cryptocurrency fund flows is crucial to assessing market conditions and may be an indicator of the upside or downside of Bitcoin and other cryptocurrencies. Since broad money flows basically stopped in early April 2024, subsequent price adjustments are expected. However, as the market approaches the bottom, the recovery of certain fund flows has helped boost prices. The key factor is to monitor the sustainability of these fund flows, because without sustained support, rebounds tend to lose momentum. Last night, Tether issued an additional $1 billion in USDT (although it appears to be inventory construction rather than immediate issuance). However, earlier last week, Tether and Circle issued nearly $2.8 billion in stablecoins, indicating that some institutional investors are injecting new funds into the crypto market. If this trend of issuance (not just minting) continues, Bitcoin may rise further.

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