Bitcoin Sentiment Is Turning Bullish — But It’s Too Early to Celebrate: Report

Bitcoin's price has shown recent fluctuations, with a brief seven-day high of $65,501 following softer-than-expected U.S. inflation data, but CoinShares reports caution due to macroeconomic headwinds like U.S.-Iran tensions and rising oil prices. While investor inflows into crypto exchange-traded products signal shifting sentiment, the report highlights limited upside potential and a 'worst run on record' with $8 billion withdrawn from crypto funds earlier this year.