Bitcoin is facing its first major test since the latest rally after spot Bitcoin ETFs recorded net outflows on Friday, ending a nine-day streak of inflows, according to comments from LTBTC mining pool founder Jiang Zhuoer.
Jiang said a hawkish signal from Federal Reserve Chairman Warsh added pressure to the market. He also confirmed that he sold 50% of his ETH spot position during Friday’s decline.
Jiang Zhuoer Says Bitcoin Faces First Post-Rally Test, Cuts Half of ETH Holdings
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.