Bitcoin ETFs: $606M Inflow Hits
Bitcoin ETFs record $606 million inflow with BTC at $76713.56 amid bullish EMA structure and overbought RSI at 93.99.
SourceAnalysis
Bitcoin ETFs posted a $606 million inflow, confirming sustained institutional demand for the peer-to-peer digital asset.
Price action on the 4h chart shows BTC trading inside Bollinger Bands with upper resistance at $78602.22 while RSI(14) sits at 93.99, signaling overbought conditions; a retracement toward EMA50 support at $67469.58 appears likely before continuation, supporting updated BTC price prediction models that rule out any immediate crypto market crash despite AI industry impact on broader risk flows.
André Dragosch, PhD | Bitcoin & Macro
@Andre_DragoschEuropean Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.