Analysis: Bitcoin Momentum Rebounds and Bearish Sentiment Eases, ETF Net Inflows May Become a Key Variable
ChainCatcher news, Matrixport analyzed in today's chart that although bitcoin's on-chain data remains under pressure and its price fluctuates repeatedly near the 21-week moving average, the current trend is more driven by technical and news factors. Against this backdrop, optimism surrounding the China-US trade negotiations has added upward momentum to the market.
Previous reports pointed out that the self-developed "Greed and Fear Index" has returned to a historical percentile range where rebounds are more likely to occur, and multiple technical indicators are giving contrarian bullish signals. However, it may still be too early for a new all-time high; although the put premium on the options side has significantly declined, the key remains whether ETF net inflows can continue to consolidate the current positive trend.
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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