Richard Teng: Spot BTC ETFs Draw $999M Inflows

Richard Teng highlighted persistent macro pressure from U.S. yields above 5% weighing on risk assets, yet spot BTC ETFs posted US$999M net inflows with early technical recovery signals for BTC. BTC price prediction models now factor in this demand rebound while crypto market crash concerns linger from Treasury yields. Bitcoin technical recovery aligns with price at $83619.54 holding a bullish structure above the EMA50 support at $83496.24 and EMA200 at $79271.78; the neutral RSI at 48.11 and MACD death cross at -155.46 point to a likely pullback toward the 50-EMA before any continuation, as the asset trades inside Bollinger bands capped by upper resistance at $85198.5.