According to ChainCatcher, Bitfinex Alpha said in its latest report that thanks to a sharp increase in Bitcoin ETF inflows, Bitcoin has rebounded strongly, soaring more than 15% from its recent low of $52,756.
In the past week, BTC ETFs recorded a net inflow of $403.9 million, reversing a long period of outflows, indicating renewed investor confidence in the asset. The rebound was mainly driven by active buying in the spot market. In contrast, the volatility in the futures and perpetual contract markets was less pronounced, indicating that the current price increase is based on real capital inflows rather than speculative leverage, providing a more sustainable basis for the rebound.
Analysts believe that the possibility of market volatility this week is quite high, driven by investors' expectations of the Fed's rate cut decision. Whether the rate cut is 25 or 50 basis points, it is likely to swing between bullish optimism and cautious risk reduction. At the same time, Bitcoin's correlation with stocks is increasing, indicating that the trend of traditional financial markets may have an increasing impact on Bitcoin's price.
