Willy Woo: Bitcoin network sees first increase in capital inflows in weeks, indicating signs of structural bottom formation
According to Jinse Finance, crypto analyst Willy Woo stated that after several consecutive weeks of declining capital inflows, the Bitcoin network has seen its first day of growth in capital inflows, which is the first sign of structural bottoming for Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
LVMH drops 37% this year; once Europe's largest market cap stock, now out of the top ten
On Tuesday, LVMH's stock price fell by 2.6%, reducing its market value to 201 billion euros (approximately $232 billion), slightly below L'Oréal, and marking its exit from Europe's top ten companies for the first time since 2017. LVMH's share price has dropped 37% this year, returning to levels last seen when global stores were closed due to pandemic lockdowns. As luxury demand declines, several investment banks have downgraded LVMH’s rating.
