According to Odaily, Matrixport has released a new chart indicating that the flow of funds into U.S. Bitcoin spot ETFs has slowed as expected, given that September is typically a weak period. However, the recent upward trend in Bitcoin suggests that its performance this month may surpass expectations. The potential for a U.S. interest rate cut and a strong stock market are contributing factors that could drive Bitcoin’s performance beyond anticipated levels. Historically, October has been a strong month for Bitcoin, and investors might take advantage of September’s pullback to position themselves for potential opportunities in the fourth quarter.
- Bitcoin(BTC)$63,236.486.16% 24H
- Ethereum(ETH)$2,453.616.71% 24H
- Tether USDt(USDT)$1.00-0.08% 24H
- BNB(BNB)$566.894.93% 24H
- Solana(SOL)$143.4611.90% 24H
- USDC(USDC)$1.00-0.05% 24H
- XRP(XRP)$0.5904.13% 24H
- Lido Staked ETH(STETH)$2,432.435.73% 24H
- Dogecoin(DOGE)$0.1065.73% 24H
- Toncoin(TON)$5.764.87% 24H