ETF's second-quarter fund inflows plummeted by 80%! Is the rise of bitcoin cooling off as risk aversion heats up?

According to the Smart Finance APP, since March, the price of bitcoin has fallen by about 13%, which is a sharp contrast to the previous two quarters, which rose by 67% and 57% respectively. On March 14th, bitcoin reached a record high of $73,798, and closed at around $61,000 in the second quarter. This decline has raised a question: Does the sluggish momentum trading of bitcoin and other assets indicate a more serious outlook for risk appetite, given the prospect of high interest rates covering the financial market for a longer period of time? Austin Reid, global revenue and business director of FalconX, which has been hit by the decline of bitcoin, said:"

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