Blackrock: $122M Bitcoin ETF Inflow
Blackrock IBIT posts $122 million Bitcoin ETF inflow as BTC holds $83134.47 with bearish EMA50 resistance at $84493.03 and MACD death cross.
SourceAnalysis
Blackrock ($IBIT) posted a $122 million Bitcoin ETF daily inflow according to Farside Investors. BTC sits at $83134.47 inside a bearish trend below the EMA50 resistance level of $84493.03 while the EMA200 offers support at $82174.26; the MACD death cross at -571.93 confirms trend weakness and RSI at 34.1 shows neutral momentum, keeping price inside the Bollinger band with lower support at $82252.27. This institutional flow arrives as traders monitor whether sustained ETF demand can offset the technical pressure visible on the 4h chart.
Farside Investors
@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.