Bitcoin ETFs: YTD Flows Turn Positive
Bitcoin ETFs YTD flows positive after $4.6b inflow; BTC at $85488.47 with EMA50 support at $81923.23 and MACD death cross.
SourceAnalysis
Bitcoin ETFs YTD flows turned positive after a $4.6b inflow over the past month triggered by increased bond buying signals, pushing the asset class back into net accumulation territory.
BTC price action at $85488.47 sits inside Bollinger Bands with upper resistance at $89246.83 and lower support at $79292.07 while the EMA50 at $81923.23 and EMA200 at $76810.9 define the bullish trend structure; the MACD death cross at 1656.25 signals near-term momentum loss even as RSI at 63.37 remains neutral, pointing to a probable healthy retracement toward the 50-EMA before continuation.
Eric Balchunas
@EricBalchunasBloomberg's Senior ETF Analyst and acclaimed author, co-hosting Trillions & ETF IQ while bringing deep institutional investment insights.