Bitcoin ETF inflow slows down, market still on the sidelines
According to a research report released by Brokerage Research on Monday, the slowdown in the inflow of Bitcoin exchange-traded funds (ETFs) is not the beginning of a market trend, but a temporary pause before the integration of ETFs with private banking platforms, wealth advisors and more brokerage platforms. The report pointed out that the price of Bitcoin has been fluctuating in a range, and there is no obvious momentum on both sides after the halving.
The report reiterated the view that the Bitcoin cycle target is $150,000 by the end of 2025. The reasons include the net inflow of spot Bitcoin ETFs reaching $12 billion, and the health of the top Bitcoin miners and miners' income after the halving under the condition of market consolidation and transaction fees normalizing to around 10%.
The release of this report has attracted attention and discussion in the market. Although the inflow of Bitcoin ETFs has slowed down, the report believes that this is not a turning point in the market trend, but a temporary pause in the market's development. Bitcoin's price fluctuations are still relatively stable, and there is no obvious trend change.
Investors are cautiously optimistic about the future trend of Bitcoin. The report believes that as more institutions and private banking platforms, wealth advisors, etc. join the Bitcoin market, the integration of the market will further promote the development of Bitcoin. As Bitcoin miners' income grows steadily and market integration deepens, Bitcoin's long-term value still has high potential.
