CryptoQuant analyst Axel Adler Jr. said Bitcoin is in the late stage of a bear-market cycle, with demand led by FBTC and ARKB in the latest trading session.
U.S. spot Bitcoin ETFs posted net inflows of $223 million in the latest trading day, a move CryptoQuant analyst Axel Adler Jr. said marks the first sign of easing pressure from the ETF segment. He said Bitcoin has entered the late stage of a bear-market cycle. Most of the fresh demand went to FBTC and ARKB, which recorded inflows of $166 million and $91.80 million, respectively. The flows suggest ETF demand is beginning to stabilize after a period of market strain.