22% of the bitcoin rebound needs real demand support

BITCOIN ROSE BY ABOUT 22 PER CENT DURING THE BREAK WEEK, BUT ANALYSTS INDICATED THAT ITS SUSTAINABILITY WOULD DEPEND ON WHETHER ETF INFLOWS AND SPOT DEMAND REPLACED THE INITIAL MACRO-DRIVEN. THE DECISION OF THE UNITED STATES TREASURY TO EXPAND THE SCALE OF REPURCHASES OF LONG-TERM NATIONAL DEBT LED TO A DECLINE IN LONG-TERM NATIONAL DEBT YIELDS AND A WEAKENING OF THE UNITED STATES DOLLAR, WHICH IN TURN CONTRIBUTED TO AN INCREASE IN BITCOIN. THE ANALYST NOTED THAT, ALTHOUGH THE PERFORMANCE OF BITCOIN WAS CONSISTENT WITH OTHER MARKETS, THE FIRST PHASE OF THE REBOUND HAD A STRONG MACRO COMPONENT. THE REAL BITCOIN ETF IN THE UNITED STATES ATTRACTED SOME $1.92 BILLION IN INFLOWS DURING THE BREAK WEEK, THE LARGEST WEEKLY INFLOWS IN 10 MONTHS. AT THE SAME TIME, SOARING PRICES FORCED TRADERS WITH EMPTY POSITIONS TO APPEAR, CREATING AN EMPTY WAREHOUSE OF $2.7 BILLION. THE ANALYSTS BELIEVE THAT FUTURE NEEDS WILL REQUIRE MORE SPECIFIC ENCRYPTION PURCHASES TO SUSTAIN THE REBOUND。