
Vincent Liu, CIO at Kronos Research, commented:
“Inflows suggest institutional sentiment is shifting back toward cautious accumulation after a period of sustained de-risking. However, positioning remains measured, indicating sentiment is stabilizing.”
“While the rebound has gained momentum from reports of a pause in Jane Street’s alleged 10 a.m. dumping, easing concerns over heavy selling pressure, this rally appears more like short-term relief than a fundamental shift in direction.”
He added that sustained ETF inflows and macro stabilization will be the key drivers of any longer-term move.
Bitcoin holding $68,000 and Ethereum above $2,000 suggest the immediate panic selling phase may be easing — but the market remains in Fear territory until clearer macro direction emerges.
Stay tuned for tomorrow’s ETF flow numbers — they’ll provide the next real test of whether this is a dead-cat bounce or the start of a more sustained recovery.
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