10x Research: ETF inflows are lower than expected, which may indicate that the Bitcoin sell-off has just begun

Bitget App

Trade smarter

2024/03/21 12:10

According to BlockBeats, 10x Reaearch founder Markus Thielen said that recent inflows into Fidelity and BlackRock’s Bitcoin spot ETFs have been lower than expected, which may indicate that the Bitcoin sell-off has just begun. If ETF outflows continue next week, Bitcoin could fall below $60,000. But in the long term, Markus Thielen is still optimistic. Even if it cannot reach the $100,000 mark, Bitcoin will still hit $83,000 in the future.

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.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Trending news

The Federal Reserve's overnight reverse repurchase agreement (RRP) usage was $756.1 million on Friday.

Data: In the past 24 hours, total liquidations across the network reached $288 millions, with long positions liquidated for $163 millions and short positions for $125 millions.