Industry insiders: Once the crypto market adapts to the new economic landscape, capital inflows will recover and the tailwind is still there

Odaily News Noelle Acheson, author of the Crypto Is Macro Now newsletter, said that BTC is still a safe haven, noting: “BTC’s short-term price is determined by the last round of short-term trading, and Bitcoin is still a safe haven in the long run. The market is currently in a risk-averse mood, so macro portfolios are all reducing their positions, and there is no new inflow of funds needed to start the next round of increases. This may take some time because the uncertainty of both professional and retail investors is high.
However, the tailwinds remain intact and inflows into the cryptocurrency market will resume once the market adjusts to the new economic landscape.” (CoinDesk)