Net capital inflow into Bitcoin and Ethereum Reached RMB 5.9 billion since 1 June

Based on data from Bishijie, I note that Bitcoin and Ethereum have recorded a net capital inflow of RMB 5.9 billion since 1 June. Capital inflow continues from 1 June to 8 June, except 5 June.

Source: Bishijie

On 5 June Warren Buffet critized cryptocurrencies again and this was perhaps the reason for the net capital outflow on that date (https://economictimes.indiatimes.com/warren-buffetts-address-to-berkshire-agm/liveblog/64037613.cms)

Overall, Chinese investors are cautiously optimistic for a potential rebound in the crypto market in the second half of the year.

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