10x Research: The crypto market saw $3.3 billion in inflows last week, with market sentiment shifting from bearish to bullish

Odaily News 10x Research said in its latest market analysis that Bitcoin is often subject to changing narratives, rumors and speculation, and can quickly adjust its value based on new information. Bitcoin has risen sharply by 10% since last Friday. The initial rebound that seemed oversold evolved into a breakout from a clear downtrend. Our key level ($61,133) was surpassed, marking a shift in market sentiment from bearish to bullish. Weekend rallies are usually driven by retail trading and positive market sentiment. Several positive factors maintained Bitcoins momentum last Monday. After four weeks of net liquidity outflows totaling $8 billion, the crypto market welcomed $3.3 billion in inflows last week. This inflow, mainly from futures, stablecoins, and Bitcoin spot ETFs, marks a positive trend change. In addition, Tether issued an additional $1 billion in USDT.