TechFlow reports that on February 11, QCP published an analysis stating that Bitcoin and Ethereum have rebounded from last week’s lows. Spot Bitcoin ETFs recorded $145 million in net inflows yesterday, extending Friday’s $371 million inflow—indicating a cautious return of institutional demand. Spot Ethereum ETFs also reversed their trend, posting $57 million in net inflows yesterday after three consecutive days of net outflows. Meanwhile, Tom Lee’s BitMine continued accumulating Ethereum, bolstering market confidence in the asset.
On the macro front, geopolitical tensions between the U.S. and Iran appear to have eased, while weaker-than-expected employment data has increased traders’ expectations of a potential rate cut in March. The Crypto Fear & Greed Index remains at 9—deep in the “Extreme Fear” zone—suggesting continued fragility in market sentiment. With key macro events approaching, judgments about “a bottom having formed” should be approached with caution and appropriate hedging strategies implemented.
