Binance co-CEO Richard Teng said in a post on X that the macro backdrop remains challenging, with elevated US yields continuing to weigh on risk assets. At the same time, he said there are signs that investor demand is starting to improve. Teng also pointed to spot Bitcoin ETF flows, saying the products recorded $999 million in net inflows. He added that technical indicators are beginning to show early signs of a rebound. The remarks frame a mixed market picture: persistent pressure from the broader rate environment, but some improvement in demand and market signals tied to Bitcoin-related investment products.
Binance co-CEO Richard Teng said in a post on X that the macro environment remains challenging, and that elevated US yields continue to put pressure on risk assets.
He also said investor demand is showing signs of improvement. Teng added that spot Bitcoin exchange-traded funds recorded $999 million in net inflows, while technical indicators are beginning to show early signs of a rebound.
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