Asia Morning Brief: Fragile or Back on Track? BTC holds the $115,000 mark

Bitcoin is trading just above $115,000 in Asia, slightly pulling back amid strong ETF inflows and optimism from the Federal Reserve's interest rate cut. Analysts have different opinions: Glassnode warned that the market environment is fragile, lack of buying confidence, and intensified profit-taking; while QCP believes that the continued inflow of ETF funds and the strengthening of altcoins will drive Bitcoin up. The key question is whether ETF demand can continue to offset the impact of profit-taking in the coming weeks.