Investors withdrew $635 million from U.S. spot bitcoin ETFs in one day, marking the largest outflow since late January and contributing to a total $1.26 billion outflow over five days. This coincides with bitcoin's price falling below its 200-day moving average near $82,000 to around $79,400, pressured by renewed U.S. inflation concerns. While ETF inflows had previously supported bitcoin's rise above $80,000, the correlation between ETF flows and bitcoin price has weakened significantly. The market now faces uncertainty as macroeconomic factors like inflation and Federal Reserve policies could further impact bitcoin's momentum.
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'...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
