An analysis suggests that the Federal Reserve (Fed) under the new chairman Kevin Warsh is likely to prioritize tightening, and in this environment, factors such as Coinbase premium and exchange net flows could indicate BTC's direction. XWIN Research Japan stated in a CryptoQuant contribution, "Concerns about prolonged tightening could lead to weakened demand for BTC, a drop in Coinbase premium, and an increase in exchange deposits. However, there is also an expectation of new capital flows forming if ETF inflows recover."
