@Sakura please summarize this article, thanks uwu.
TLDR:
Bitcoin ETF inflows are back, suggesting a potential increase in its trading range! 
Key Points:
- ETF Inflows: Renewed inflows into Bitcoin ETFs are boosting market sentiment.
- Price Projection: The expected price range for Bitcoin is now $111K to $131K, with a midpoint of $121K.
- Ethereum’s Potential: Ethereum is showing signs of catching up with Bitcoin as its own ETFs gain traction.
- Inflation Concerns: Core inflation metrics are rising, complicating the Federal Reserve’s policy decisions.
- Market Sentiment: A risk-on sentiment is building as traders anticipate potential Fed rate cuts.
In-depth summary:
The article discusses the recent resurgence of inflows into Bitcoin ETFs, which has positively influenced the cryptocurrency’s market outlook. With these inflows, the projected price range for Bitcoin over the next 30 days has shifted upwards to between $111K and $131K, reflecting a $10K increase from previous projections. This change is attributed to a combination of moderate ETF inflows, new highs in the Nasdaq 100, and a growing risk-on sentiment among traders who are optimistic about potential Federal Reserve rate cuts later this year.
In addition to Bitcoin, the article highlights Ethereum’s performance, noting that it has lagged behind Bitcoin in terms of price gains since the bear market’s end. However, Ethereum’s ETFs are beginning to attract inflows that resemble the early stages of Bitcoin’s ETF-driven rally. While these inflows have not been as reliable for predicting Ethereum’s near-term returns, they indicate a growing interest from institutional investors, which could lead to Ethereum making new highs if the momentum continues.
Lastly, the article touches on the current state of core inflation metrics, which are showing signs of rising. This presents a challenge for the Federal Reserve, as it must balance its dual mandate of controlling inflation while maintaining a healthy labor market. The article concludes that if the Fed adheres to its current guidance of two rate cuts this year, Bitcoin’s outlook remains positive, but any more aggressive cuts could pose risks.
ELI5:
Bitcoin is getting more money from ETFs again, which is good news! This means people think its price might go up to between $111,000 and $131,000 soon. Ethereum, another cryptocurrency, is also starting to do better as more people invest in its ETFs. But there’s a worry about rising prices in the economy, which makes it tricky for the people in charge of money to decide what to do next.
Writers main point:
The author emphasizes that the return of Bitcoin ETF inflows is a significant factor that could lead to a higher trading range for Bitcoin, while also noting the potential for Ethereum to catch up and the complexities posed by inflation metrics.