Bitcoin shows resilience in digesting bearish sentiment, with ETF funds flowing into net inflows

QCP Capital stated that Bitcoin was hit by the CLARITY Act procedural vote obstruction and the impact of the Federal Reserve's interest rate hike within 48 hours, causing the price to drop to $75900 at one point and currently remain around $76500. The Bitcoin spot ETF had a net outflow of $450 million and $296 million on September 15th and 16th, respectively, and turned into a net inflow of $159 million on September 17th, with BlackRock IBIT having a net inflow of $184 million. The market paid attention to Federal Reserve Chairman Kevin Walsh's statements on inflation and policy restrictions, and subsequently, US bond yields fell across the board.