BroadChain, April 23, 20:16, according to Cointelegraph, Bitcoin and Ether surged significantly today, driven primarily by US liquidity measures and record inflows into spot ETFs, offsetting investor concerns over economic recession and the situation in Iran. Market sentiment has shifted from risk aversion to risk appetite, with funds accelerating into crypto assets.
Specifically, the recent liquidity signals released by the US Treasury, combined with consecutive days of net inflows into Bitcoin spot ETFs, have provided direct buying support for the market. Data shows that the single-day net inflow amount for ETFs hit an all-time high, indicating a significantly enhanced willingness of institutional funds to enter the market. Meanwhile, on the macro level, expectations of a shift in the Federal Reserve's policy have intensified, further boosting the valuation of risk assets.
However, whether the bulls can maintain control remains uncertain. The geopolitical risk in Iran has not fully subsided; if the conflict escalates, it could trigger a new round of risk-off selling. Additionally, although concerns over an economic recession have temporarily eased, if US employment and inflation data fall short of expectations, market confidence could be dampened again. In the short term, ETF fund flows and macro policy signals will be key indicators to watch.