Bitcoin: ETF Flows Near Zero as Price Holds
Ki Young Ju states Bitcoin ETF net flows sit near zero year-to-date while BTC has fallen just 7 percent, indicating OG whales and miners have likely finished selling and bullish momentum should resume once midterm uncertainty clears.
SourceAnalysis
Ki Young Ju notes the Bitcoin ETF engine has barely run this year with YTD net flows near zero, yet BTC trades down only 7 percent at $80813.82.
Price sits inside the Bollinger Bands with upper resistance at $81406.07 and lower support at $79471.29. The structure remains bearish as price holds below the EMA50 at $81068.54 and the EMA200 at $81715.94, yet the MACD golden cross at -30.38 signals building bullish momentum while RSI at 50.88 stays neutral. With little ETF demand and prices holding up, heavy selling by OG whales or miners appears unlikely; those who wanted to sell have likely already sold.
Ki Young Ju
@ki_young_juFounder & CEO of CryptoQuant.com