Coinbase Analyst: Downward Pressure on Bitcoin Weakens, Macro Factors and Halving Effect May Intensify in April
Coinbase Analyst Releases Latest Report
Coinbase analyst has released a new report indicating that the technical factors that have suppressed Bitcoin and the cryptocurrency market for a long time may have come to an end. Recent events, such as FTX selling GBTC positions through ETF and the successful repayment of creditors by institutional Celsius after bankruptcy restructuring, have contributed to this. In addition, over the past week, the US Bitcoin spot ETF has seen daily inflows of over $200 million, totaling $1.46 billion since January 11, along with a healthy daily trading volume of approximately $1.35 billion, laying the foundation for a bullish outlook.
