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BTC ETF has seen a net inflow for two consecutive days. The market may rebound in the short term, but we still need to be vigilant about a second downward exploration

BTC ETF has seen a net inflow for two consecutive days. The market may rebound in the short term, but we still need to be vigilant about a second downward exploration

Bitget2024/09/11 07:23
BTC+0.65%ETH+1.48%

In the past 24 hours, the price of BTC has hovered around $56,000. The total trading volume of 11 US spot Bitcoin ETFs reached $711 million, marking the third lowest level since its launch.

The net inflow into US Bitcoin spot ETFs yesterday was $116.97 million. The net inflow into US Ethereum spot ETFs was $11.4 million yesterday. Recently, primary market investment has slowed down and Soneium from Sony's Layer2 network will cooperate with Sony Bank to launch a yen stablecoin, which continues to attract market attention.

Bitget Research Institute pointed out in its latest research report: "From a macro perspective, after experiencing fluctuations last week, the cryptocurrency market has stabilized but implied volatility remains high. The market is vigilant about major events happening this week especially Trump and Harris' debate as well as CPI data release. Affected by last week's sharp drop, the market still maintains a cautious attitude towards downside risks; risk reversals for Bitcoin and Ethereum are still biased towards put options until October."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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