Jeff Ko, chief analyst at CoinEx, suggests Bitcoin may remain range-bound due to three factors: oil retreating from recent highs after U.S.-Iran tensions paused, the 10-year Treasury yield nearing 4.7% contributing to Fed tightening, and the Fed’s potential decision-making around upcoming inflation and GDP data.
The key driver could be corporate earnings this week, with Apple, Microsoft, Meta, and Amazon reporting on free cash flow and AI investments. Ko notes these could influence Treasury yields and the Nasdaq, indirectly affecting crypto liquidity.
Ko emphasizes that ETF flow composition is as critical as headline numbers in shaping market dynamics.
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