Bitcoin Loses Structural Bullish Momentum as Spot ETF Inflows Fall to $362.8M

BTC1.51%
VIX-1.64%
According to CryptoQuant analyst Axel Adler Jr on May 24, Bitcoin has lost structural bullish momentum as macro factors reassert dominance over the market. Spot Bitcoin ETF 30-day inflows fell to $362.8 million, significantly below the $13.21 billion peak recorded in December 2024. The analyst noted that macro environment factors, including the U.S. dollar index (DXY), 10-year Treasury yields, and VIX volatility, are now driving market direction, with all current bounces remaining unconfirmed until the Impulse indicator returns above the zero line.
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