🚀 Bitcoin Bounces Back! 🚀
After a whirlwind FOMC meeting, US investors initially pulled back from Bitcoin, causing a dip in ETF demand and the Coinbase Premium Index. But fear not, BTC enthusiasts! On-chain data reveals a massive comeback as US investors dive back into the Bitcoin pool with gusto.
📈 ETF Demand Resurges
Despite initial outflows, January 3 marked a turning point with a whopping $908.1 million in net inflows. Fidelity, BlackRock, and Ark Invest led the charge, making it the best day since November 21.
🔍 Coinbase Premium Index Rebounds
The Coinbase Premium Index, a key indicator of US investor sentiment, has bounced back to neutral, signaling renewed confidence in Bitcoin. The BTC buzz is back!