BlackRock Bitcoin ETF: $34.7M Inflow
BlackRock's Bitcoin ETF sees $34.7 million daily inflow amid bullish BTC trends, signaling strong institutional interest in crypto market recovery.
SourceBlackRock's Bitcoin ETF recorded a daily inflow of $34.7 million, according to data from Farside Investors. This marks continued accumulation in BTC spot ETFs, pushing total assets higher as investors bet on sustained crypto market trends. For full details and disclaimers, check farside.co.uk/btc.
Zooming into the 4-hour BTC chart, price action holds firm at $74,354.71 within a bullish structure, comfortably above the EMA50 at $72,022.96 and EMA200 at $70,027.19, which act as rock-solid long-term supports. The MACD screams bullish with a golden cross at 804.63, while RSI at 62.25 stays neutral, avoiding overbought territory. Volatility squeezes inside Bollinger Bands, with upper resistance at $76,131.1 capping gains and lower support at $69,447.54 offering a safety net—expect a probe toward that upper band before any pullback, aligning with Bitcoin ETF inflows and BTC price prediction models forecasting upside in this cycle.
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.