Analyst: The market has risen too sharply recently, and it would not be surprising if it falls back to $88,000
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reported that U.S.-listed Bitcoin ETFs attracted $381 million in inflows on Monday, marking the largest single-day inflow since January 30. Delta Exchange research analyst Riya Sehgal noted that if Bitcoin price remains stable above $88,800, it could potentially drive further increases to the $92,000-$94,000 range. However, this rally may soon face correction. Stefan von Haenisch, Head of OTC Trading for Bitgo in Asia, warned: "The market's rally in the past few days has been too aggressive, and now feels somewhat overbought." He stated that a Bitcoin pullback to at least $88,000 "would not be surprising". (Bloomberg)
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