The latest Crypto Market Compass from Bitwise Europe lands like a klaxon: every major gauge of risk appetite, liquidity and macro momentum is swinging in Bitcoin’s favor, and the firm argues the move could “provide a significant tailwind” for the benchmark asset. The study notes that Bitcoin already rebounded from $101,000 to about $108,000 in the past week as traders digested a potent cocktail of cooling inflation, thawing geopolitics and an increasingly dovish Federal Reserve stance.
Perfect Storm Brewing For Bitcoin
Bitwise’s proprietary Cryptoasset Sentiment Index has surged to its most optimistic reading since May—“now clearly signal[ing] a bullish sentiment again,” the authors write. Behind that surge lies an unprecedented torrent of capital into exchange-traded products: cumulative net inflows to global Bitcoin ETPs have reached
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