Analyst: The market has risen too sharply recently, and it would not be surprising if it falls back to $88,000

Odaily News U.S.-listed Bitcoin ETFs attracted a total of $381 million in inflows on Monday, the largest single-day inflow since January 30. Delta Exchange research analyst Riya Sehgal pointed out that if the price of Bitcoin continues to stabilize above $88,800, it may further push it up to the $92,000 to $94,000 range. However, this round of gains may be about to face a correction. Stefan von Haenisch, head of over-the-counter trading in Asia at crypto custodian Bitgo, warned: "The market has risen too much in the past few days and now feels a little overbought." He said that Bitcoin's pullback to at least $88,000 is "not surprising." (Bloomberg)