Bitcoin: ETF Inflows Top $200M After Record Outflows
Bitcoin ETF inflows exceed $200 million after the largest outflow streak on record, with BTC at $62167.25 showing bullish MACD on 4h chart.
SourceAnalysis
Bitcoin ETF inflows exceeded $200 million yesterday after the longest outflow streak ever recorded, signaling demand recovery according to @CryptoMichNL.
Bitcoin spot ETF net flows historical data shows this reversal follows weeks of heavy redemptions that pressured prices lower throughout the past year.
BTC trades at $62167.25 above the EMA50 support at $60773.39 while the MACD golden cross at 540.51 confirms bullish momentum; price sits inside the Bollinger Bands with the upper resistance at $62954.13 capping upside and RSI at 64.22 leaving room before overbought conditions develop.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast