Crypto Funds: $1.4B Record Inflows
Crypto funds drew $1.4 billion inflows last week, led by Bitcoin at $1.1B, marking strongest streak since October amid bullish BTC price prediction trends.
SourceCrypto funds pulled in a massive $1.4 billion in inflows last week, smashing records as the highest weekly haul since January's third week, according to The Kobeissi Letter. This surge represents the seventh inflow in the past eight weeks, the hottest streak since October, with Bitcoin funds dominating at $1.1 billion, pushing year-to-date totals skyward and signaling robust investor appetite in the crypto market inflows landscape.
Zooming into the 4-hour BTC chart, price action at $79,309.86 just edges above the upper Bollinger Band resistance at $79,282.24, flirting with volatility exhaustion while the RSI at 69.79 hovers neutral but leans bullish, not yet screaming overbought. That golden cross on MACD at 880.85 confirms the uptrend's muscle, with EMA50 at $75,545.73 acting as solid near-term support and EMA200 at $72,488.8 anchoring the longer bull structure—expect a quick dip to test that 50-EMA before buyers pile back in for the next leg up, especially as crypto market crash fears fade and BTC price prediction models eye fresh highs.
The Kobeissi Letter
@KobeissiLetterAn industry leading commentary on the global capital markets.