🎉There are new developments in the crypto market recently! According to BlockBeats, on March 25, Matrixport revealed on social platforms that the price of Bitcoin has adjusted in the past two weeks due to ETF inflows turning negative. So, what exactly causes this phenomenon?
It is understood that the liquidation of GBTC shares by Genesis is believed to be responsible for the negative inflows. So, does this mean the Bitcoin price correction will continue? Don’t worry, Matrixport says that looking at outflows, there is a high chance that ETF inflows will turn positive. In other words, the price of Bitcoin is expected to recover!
This news undoubtedly brings a glimmer of hope to the majority of crypto enthusiasts. Here, we also look forward to the Bitcoin price rebounding as soon as possible, bringing more vitality to the crypto market. Of course, this also requires us to pay attention to market dynamics and seize investment opportunities in a timely manner.
So, readers, what do you think of this news? Feel free to speak freely in the comment area, and let’s discuss the future direction of the encryption market together! At the same time, please continue to pay attention to our reports. We will continue to provide you with the latest encryption stories and blockchain industry insights. Let us look forward to the recovery of Bitcoin prices together, come on! 💪