U.S. Bitcoin ETFs experienced $648 million in outflows as global M2 money supply growth slowed, indicating rising risk-off sentiment in crypto markets. The global M2 growth rate decelerated sharply, with a 7-week change rate dropping to -0.37% and year-on-year growth easing to 7.03%. Despite neutral on-chain valuation signals, ETF outflows, including $290 million on May 15 and $648 million on May 18 for Bitcoin, and continued outflows for Ethereum ETFs, suggest near-term selling pressure. Over 60% of Bitcoin supply remains held long-term, which could limit immediate sell-side liquidity but amplify price moves if demand returns. Investors will watch ETF flows and liquidity trends closely as key indicators of crypto market direction.
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
