Coinbase Analyst Releases Latest Report Indicating the End of Long-standing Technical Factors Suppressing Bitcoin and the Cryptocurrency Market. Recent events such as FTX’s significant position clearance through ETF sales of GBTC and the successful repayment of creditors by institutional bankruptcy restructuring firm Celsius may have contributed to this. Additionally, over the past week, the US Bitcoin spot ETF has seen daily inflows of over $200 million, totaling $1.46 billion since January 11th. Coupled with a healthy daily trading volume of approximately $1.35 billion, this sets the stage for a bullish outlook.
Coinbase Analyst: Bitcoin's Downward Pressure Weakening, Macro Factors and Halving Effect May Ferment in April