THIS IS ONE OF THE REASONS WHY MARKET LOOKS SO BORING RIGHT NOW 👀
If you’re wondering why the Bitcoin market isn't seeing that extra push, you need to take a closer look at the ETF inflows.
The chart paints a clear picture – there’s been very limited activity in recent weeks.
When we typically expect inflows (blue candles), we've seen either minor inflows or outflows (purple candles).
Why is that?
One reason could be the bearish sentiment surrounding Bitcoin as we head into September.
Historically, September hasn't been the best month for Bitcoin, with many traders anticipating lower prices.
Another reason?
The much-anticipated rate cuts aren’t expected until the next FOMC meeting on September 19th. Many are waiting for confirmation on the Fed’s next moves before diving back in.
However, historically, there’s always been a huge uptick in inflows during Q4. Could this be a sign that investors are holding off on their big moves until later in the year?
As we approach the final quarter, where historically Bitcoin has shined, are we setting up for another surge?
What do you think, are we about to see another round of heavy ETF inflows, or are investors going to keep waiting it out?
Let us know your thoughts!
#BitcoinETFInflow #marketsentiment #FedWatch #CryptoMarketAnalysis