Bitcoin ETF Fails? Two Consecutive Days of Net Inflows, Yet Bitcoin Price Remains Depressed

The US Bitcoin spot ETF faced net outflows on 5/9-10, causing the Bitcoin price to drop to 63K. Despite showing net inflows on 5/13-14, with the total exceeding the outflow amount from the previous two days, the price of Bitcoin does not seem to be improving and remains below 63K, standing at around 61900 at the time of writing.

Inflation Remains Higher than Expected, No Sign of Rate Cut

Federal Reserve Chairman Jerome Powell reiterated on Tuesday that the rate of inflation decline is slower than expected and may remain elevated for a prolonged period, with interest rates expected to stay steady.

Despite the Fed's consistent stance on this issue, each statement made has had a certain degree of impact on the investment market, which anticipates rate cuts to drive capital flow.