Another Bitcoin breakout above the $65,000 level failed. As we discussed on Monday, this lowers the odds of BTC transitioning into a full-blown bull market by year-end. However, it's not all bad news. Changes at the macro level could mark the return of Bitcoin ETFs. Let's look at the data. The Ecoinometrics newsletter gives you insights from crypto and macro data to help you make better investment decisions. We spend hours every day gathering data, creating metrics and bringing them to life with data visualizations that allow you to quickly get to the heart of things. We then distill all that knowledge in each issue of the newsletter with less words and more charts so that you get insights, direct to the point, in five minutes or less. Join more than 24,000 investors here: Done? Thanks! That’s great! Now let’s dive in. Bitcoin ETF Inflows Make A ReturnThe TakeawayBitcoin ETF flows are turning positive again. This shift coincides with expanding global liquidity. Major central banks are increasing money supply at the fastest pace since 2022. The relationship between ETF inflows and Bitcoin returns remains strong. These factors could signal a potential upturn in Bitcoin's market dynamics. However, challenges persist as recent price breakout attempts have failed. Investors should pay attention to the ETF flows if macro remains favourable. ETF Inflows...Unlock this post for free, courtesy of Ecoinometrics. |
Wednesday, October 2, 2024
Bitcoin ETF Inflows Make a Return
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