Recently, Bitcoin (BTC) has rebounded strongly from its 63,000 USD level and has moved above the 80,000 USD mark. Premiums have appeared on U.S. exchanges such as Coinbase, indicating a clear rebound in buy-side demand in the U.S. market. At the same time, Bitcoin spot ETFs have seen net inflows for multiple consecutive trading days, with total August inflows exceeding $3 billion. Despite hawkish signals from Federal Reserve officials that have led to short-term consolidation at high levels, selling pressure from institutions and long-term holders has eased. Overall market sentiment remains steady and resilient.
☕On Saturday afternoon, steal a little time to feel relaxed 🍃.
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🇰🇷 South Korea’s AI chip trade is showing signs of cooling.
Leveraged ETFs tied to Samsung Electronics and SK Hynix have seen nearly $1 billion in outflows in August so far.
Around $381M left Samsung linked products, while $601M flowed out of SK Hynix linked funds.
This would be the first monthly outflow since these products launched in late May.
It looks like investors are becoming more cautious after the huge AI driven rally. The big question now is this just a cooldown or the start of a bigger shift in sentiment? $SKHYNIX