Standard Chartered Bank: Bitcoin is expected to rebound this weekend, and ETF inflows may help it return above $100000

星球日报
星球日报|Feb 15, 2025 23:58
Odaily Planet Daily reported that Geoffrey Kendrick, the head of global digital asset research at Standard Chartered Bank, stated in a recent report that Bitcoin has been declining for five consecutive weekends, but it is expected that this trend will change this weekend. The slight increase this weekend may trigger an inflow of ETF funds on Monday, pushing its price back to $100000 and then rising to $102500. In recent weekends (from 5pm New York time on Friday to the same time on Sunday), it has been particularly difficult for Bitcoin, and negative news has put pressure on it. A key event was DeepSeek News on the weekend of January 25-26, and the following weekend, February 1-2, Bitcoin was hit by news of tariffs in Canada and Mexico. He pointed out: "This is not 'normal'. This weekend (February 15-16)" will be different ", because bad events have occurred. The yield of US 10-year treasury bond bonds is lower than 4.5% this week, which is a positive signal compared with risk assets such as special currency. Lower yields often alleviate the pressure of speculative investments, making it more likely for a rebound to occur. (The Block)
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