Bitcoin ETF Demand Remains Stagnant as Midterms Approach
Photo: Coinfomania
Bitcoin shows resilience with stagnant ETF demand. Analyst Ki Young Ju predicts bullish momentum post-midterms. Here's why traders should pay attention. Bitcoin’s market performance remains resilient even as ETF demand stagnates this year, with net flows nearly at zero. Analyst Ki Young Ju noted that despite Bitcoin’s 7% decline, it has held steady amidst low selling pressure from miners or long-term holders. He anticipates a bullish momentum to return once the uncertainty surrounding the midterm elections subsides, which may reignite ETF inflows. The broader cryptocurrency market is experiencing mixed signals, with Bitcoin maintaining stability despite the lack of ETF activity.
Source: Coinfomania
