QCP Analysis: Bitcoin and Ethereum Spot ETF Rebounds, Institutional Demand Returns

According to QCP's latest analysis, Bitcoin and Ethereum have recently rebounded strongly from last week's lows, showing a cautious recovery in the market. The spot Bitcoin ETF recorded a net inflow of $145 million yesterday, continuing the inflow momentum of $371 million from last Friday, indicating that institutional demand is gradually returning. Meanwhile, the spot Ethereum ETF recorded a net inflow of $57 million yesterday after three consecutive days of net outflows, reversing the previous downturn.

In addition, Tom Lee's BitMine continues to increase its holdings in Ethereum, further stabilizing market confidence in ETH, suggesting that institutional funds remain optimistic about Ethereum's long-term potential.

Macroeconomic Impact

On the macroeconomic front, recent geopolitical tensions between the United States and Iran have eased, reducing market uncertainty. At the same time, lower-than-expected employment data has made the market more inclined to expect the Federal Reserve to cut interest rates in March, providing some support to the market.

However, the sentiment in the crypto market remains fragile, with the current cryptocurrency fear and greed index still in the extreme fear zone at 9, indicating that market sentiment remains cautious.

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