Today, US Bitcoin ETF saw a net inflow of 104 BTC, while Ethereum ETF experienced a net outflow of 7,225 ETH.
According to Jinse Finance, monitored by Lookonchain, today the net inflow of US Bitcoin ETF was 104 BTC (worth $9.29 million), the net outflow of Ethereum ETF was 7,225 ETH (worth $22.69 million), and the net inflow of SOL ETF was 30,441 SOL (worth $4.05 million).
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The inflation bill has arrived, and Wall Street is starting to discount the "profit feast" of American companies.
Wall Street analysts have lowered their US stock earnings forecasts for the first time in 23 weeks, ending the longest streak of upward revisions since September 2021. High inflation and rising energy costs are squeezing profit margins in sectors such as consumer, raw materials, and finance. The combination of pressure on corporate earnings (the numerator) and rising discount rates (the denominator) is exposing US stocks to significant valuation adjustment risks.
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