CoinEx Daily: Bitcoin ETF Flows Diverge as Fed Rate Cut Bets Drive Bullish Sentiment

Daily View

Bitcoin's premium on CEX has remained positive for over a week, reflecting persistent institutional demand, while ETF fund flows show divergence with major assets under pressure and altcoins seeing capital inflow. Macroeconomic sentiment is buoyed by a 93% market-implied probability of a Federal Reserve rate cut in December, with analysts suggesting that such a move could spark a sustained rebound in the crypto market. Bernstein notes that Bitcoin's price cycle is breaking its four-year pattern, and projects a potential bull market top as late as 2027.