Asia Morning Briefing: Bitcoin Trades at $109K as U.S. ETF Demand Fades and Powell’s Hawkish Tone Hits Risk Assets
Market Intelligence Analysis
AI-PoweredBitcoin's price has dropped to $109K due to decreased demand for U.S. ETFs and a hawkish tone from Powell, negatively impacting risk assets. U.S. spot ETF flows have turned negative, and long-term holder selling has been observed. Solana's new spot ETFs failed to boost prices despite inflows.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
CryptoQuant data shows U.S. spot ETF flows turning negative while Glassnode flags heavy long-term holder selling. Solana’s new spot ETFs drew inflows but failed to lift prices as sentiment weakened after large on-chain transfers.
Analysis and insights provided by AnalystMarkets AI.