According to TechFlow TechFlow, on February 11th, QCP published an analysis stating that Bitcoin and Ethereum have rebounded from last week's lows. The Bitcoin ETF recorded a net inflow of $145 million yesterday, continuing the momentum of the $371 million inflow last Friday, indicating a cautious return of institutional demand. The Ethereum ETF also reversed its downward trend, recording a net inflow of $57 million yesterday after three consecutive days of net outflows. Meanwhile, Tom Lee's BitMine continued to increase its Ethereum holdings, stabilizing market confidence in Ethereum.
On the macro front, geopolitical tensions between the US and Iran appear to have eased, while weaker-than-expected jobs data has traders increasingly anticipating a possible interest rate cut in March. The cryptocurrency fear and greed index remains in the extreme fear zone of 9, indicating that market sentiment remains fragile.
