Bitcoin Stabilizes, But Market Lacks Bullish Signs

Bitcoin markets in Asia stabilize, but bullish sentiment remains elusive. Despite a halt to the recent decline, indicators suggest a holding pattern rather than a rapid recovery. U.S. ETFs saw inflows after weeks of withdrawals, but overall buying pressure remains negative. Blockchain activity is low, and short-term holders make up a large portion of Bitcoin supply, making the market sensitive to sudden changes. The recent rebound appears to be more about a lack of heavy selling than strong new demand, with the market likely to drift until investment fund flows become consistently positive and blockchain activity picks up.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.