ME News reports that on September 22 (UTC+8), Bloomberg ETF analyst Eric Balchunas posted on X that IBIT’s fund flows are exhibiting a classic “two birds” pattern. He noted that this formation is technically comparable to a golden cross, and the current rebound’s continuity is beginning to emerge. (Source: ODAILY)
IBIT Shows 'Double Bird' Flow; Analyst Notes Rebound Momentum
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Summary
On-chain analysis shows that IBIT has formed a "double bird" flow pattern, as noted by Bloomberg ETF analyst Eric Balchunas on X. The on-chain data suggests the rebound is gaining momentum, with the pattern drawing comparisons to a golden cross in technical analysis. This movement is being closely monitored for further upward momentum.
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