In accordance with Bijié Wǎng, the cryptocurrency market is currently experiencing a particularly weak period, described by experts as a true 'hangover.' According to global economist Thomas Peruffo, this situation began in August, driven by excessive demand supported by leveraged financial instruments. Key indicators now reflect the consequences of this phase. One of the most notable features is the slowdown in net inflows into U.S.-listed Bitcoin ETFs. After a period of enthusiasm and sustained buying, demand for these instruments appears to have peaked in the summer. Capital raising and Bitcoin purchases by MSTR, one of the industry's major institutional investors, have hit annual lows, exacerbating the situation. Despite the uncertainty, Peruffo emphasizes that the overall situation remains positive, with no clear signs of systemic risk in the crypto sector. The market structure remains robust, leaving room for potential positive developments in the coming months.
Bitcoin and Crypto Market Enters 'Hangover' Phase Amid Slowing ETF Inflows and Leverage
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