Bitcoin: $1.6B BTC and ETH ETF Inflows This Week
Bitcoin records $884M and Ethereum $713M in ETF inflows for $1.6B total this week with nine straight days of institutional buying.
SourceAnalysis
Bitcoin and Ethereum ETFs absorbed $1.6 billion this week, split as $884 million into BTC products and $713 million into ETH vehicles, according to @CryptoKing4Ever. Both assets logged nine consecutive days of net inflows after months of outflows.
Price action on the 4h chart shows BTC at $77665.0 holding above the EMA50 at $76851.33 while the EMA200 at $70028.33 anchors the broader bullish structure. The RSI at 44.04 remains neutral and the MACD death cross at 75.21 signals short-term caution, yet the pair trades inside the Bollinger band with lower support at $77107.0 and upper resistance at $80672.7, suggesting any dip may find bids near the 50-EMA before continuation. Institutional crypto flows and BTC ETF inflows continue to underpin the move.
Crypto King
@CryptoKing4EverSpecializes in cryptocurrency investment and market analysis, with a focus on Bitcoin, Ethereum, and Solana ecosystems. Provides trading strategies and altcoin research for crypto enthusiasts.