CryptoQuant: Bitcoin's recovery lacks sustained capital inflows from Bitcoin ETFs and treasury strategies
Jinse Finance reported that over the past week, Bitcoin's realized market value increased by more than $800 million, surpassing $1.1 trillion, while Bitcoin's realized price also rose above $110,000, indicating strong on-chain capital inflows. CryptoQuant stated that although Bitcoin's realized market value increased by $800 million, Bitcoin's recovery lacks the sustained capital inflows brought by ETFs and Michael Saylor's strategy, which are the main demand drivers.
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.
You may also like
South Korean Finance Minister pledges reforms after mishandling of cryptocurrency affairs
A new address bets $13,100 predicting that "Opinion will issue tokens on March 5"
Data: Detected an outflow of 32.1492 million USDT from a certain exchange
Mizuho Securities: Middle East conflict strengthens the US dollar and increases liquidity demand
