Bitcoin ETFs experienced an influx of $91.6 million on Wednesday, breaking a four-day streak of outflows. This increase suggests a resurgence of investor confidence, even after previous trends indicated a pullback. Recent data highlighted that last week's outflows were likely linked to the U.S. Federal Reserve's hawkish position. Analysts from MEXC Research noted that the positive sentiment is bolstered by expectations of a potential rate cut by the Fed, influenced by downward revisions in job numbers. However, caution remains as on-chain metrics reveal that long-term holders are starting to take profits, indicating a potential pause in Bitcoin's upward momentum. The cryptocurrency's current trading price sits just under $115,000, reflecting an increase of 0.8%. Despite recent inflows into Bitcoin and Ethereum ETFs, experts warn that it may be premature to declare a sustained upward trend given ongoing macro risks.

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