According to Bitcoin Analyst, Halving Will Not Have a Bullish Effect - Koin Newsletter

Crypto coin researcher Markus Thielen said that cryptocurrency prices could fall in the short term.

Thielen, an analyst at 10x Research, thinks that there is no development that will up****

"We no longer have those typical factors that drive prices from $40,000 to the $70,000 region," Thielen said. * he commented.

The analyst pointed to the money flow chart in their spot Bitcoin ETF** as the reason for this. Data on the exchange shows that there has been five consecutive days of net money outflows, including the last day from their Bitcoin ETF.

"It seems that many traditional finance investors are no longer convinced," Thielen said. *Said.

Stating that in order for Crypto money prices to rise, macro conditions must be suitable for this, the analyst said, *"What is really important here is that these ETF flows did not stop for no apparent reason, they started to stop on March 12, when the consumer price index and producer price index were published." *Said.

Speaking about Bitcoin's fourth halving, he said: "I hardly give credit to halving because I don't think halving is a big factor. The main thing is big, macro factors." *Said.