Bloomberg Analyst: Bitcoin ETF Sees Large Inflows, but Signs of a Dead Cat Bounce Remain

According to Odaily, Bloomberg Senior ETF Analyst Eric Balchunas posted on X that yesterday, bitcoin ETFs attracted approximately $500 million in inflows, marking the largest single-day increase in recent times. Over the past two days, the total inflow reached about $750 million, occurring amid strong market pessimism. He described this influx as "like hitting a home run during a slump," providing a boost to the market. Since the beginning of the year, bitcoin ETFs have still seen a cumulative net outflow of less than $2 billion. However, it is not yet clear whether this signals the start of a true rebound or is merely a short-lived "dead cat bounce."