Bitcoin ETF Inflows Rebound, Bears May Enter Long Dormancy

On September 30, Bloomberg ETF analyst Eric Balchunas stated that despite the ongoing negative sentiment in the crypto market, setbacks for the CLARITY Act, and rising bond yields, Bitcoin prices are gradually increasing, and ETF inflows have returned to strong levels. He believes this may frustrate investors who are bearish on Bitcoin, potentially leading them into a prolonged period of dormancy. Balchunas emphasized that this is merely his personal judgment on the current market.

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