Bitget App
Trade smarter
After Bitcoin hit a record high and pulled back due to profit-taking, capital inflows reached $3.2 billion

After Bitcoin hit a record high and pulled back due to profit-taking, capital inflows reached $3.2 billion

ChaincatcherChaincatcher2025/10/07 07:37
Show original

According to ChainCatcher, citing Golden Ten Data, after bitcoin reached a new all-time high in the previous trading day, it pulled back as traders took profits. In the week ending October 3, the inflow into spot bitcoin exchange-traded funds reached $3.2 billions. James Madden, Trading Director at Deus X Pay, stated that bitcoin's rally was driven by institutional demand, favorable macroeconomic factors, and seasonal momentum, with the market also expecting the US Federal Reserve to further cut interest rates.

0

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.