Analysis: Bitcoin Enters Re-Accumulation Phase Influenced by Fed's Easing Expectations
According to ChainCatcher, as reported by CoinDesk, after a period of persistent selling pressure that led to depressed prices, bitcoin has rebounded as global risk sentiment improves, with signs indicating that the Federal Reserve may ease monetary policy later this year.
Corporate entities continue to accumulate bitcoin. Data from Bitcoin Treasuries shows that holdings have increased by 8.4% over the past 30 days, reaching 4.04 million BTC. Analyst Linh Tran stated that bitcoin is currently in a re-accumulation phase following a short-term correction. Market sentiment is stabilizing, institutional demand remains resilient, but caution is still warranted.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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