42.3% of domestic investors say ETF fund flow is influenced by Bitcoin.

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According to a regular weekly domestic investor market trend survey jointly conducted by Coinness and Kratos, 22.7% of respondents (27.6% last week) predicted a rise or surge in Bitcoin next week. 44.6% (26.1% last week) predicted a sideways movement, while 32.8% (46.5% last week) predicted a decline or sharp drop. Optimism has weakened, with sideways movements becoming the dominant view. When asked about market sentiment, the largest group, 41.5%, responded neutral. 30.9% responded optimistic or extremely optimistic, while 27.7% responded fearful or extremely fearful. When asked about the most significant factor influencing recent Bitcoin prices, the largest group, 42.3%, chose "spot ETF fund inflows and outflows." 26.7% of investors cited monetary policies in major countries like the US and Japan as the primary reason, while 16.3% cited external asset market dynamics, such as the US stock market. 11.5% cited the four-year halving cycle, while the remaining 3.4% said there was no clear reason for Bitcoin's fluctuations.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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