According to Foresight News, according to The Block, the current price of Bitcoin is hovering around $105000. Bitfinex analysts predict that if the weak US employment report triggers a domino effect, leading to an early interest rate cut by the Federal Reserve, the target range for Bitcoin prices in June may be between $120000 and $125000. However, they stated that if labor data is stronger than expected, the price of Bitcoin may fall towards $95000. Bitfinex stated that a weaker than expected report may support deflationary rhetoric and may advance the Federal Reserve's interest rate cuts, thereby boosting risk assets such as Bitcoin. Fournier analysts said that the inflow of funds into US spot cryptocurrency ETFs has also begun to decrease, with Bitcoin ETF inflows slowing down from $375 million on Tuesday to $87 million on Wednesday, while Ethereum ETF inflows have almost halved to $57 million during the same period, breaking recent strength and confirming the loss of momentum. It is reducing risk and shifting towards a more defensive posture, as it is expected that long-term investors will reload and prices will gradually decline.
