Following a rather turbulent trading week, Bitcoin prices now sit below $110,000, representing a 12% decline from its all-time high at $124,457. Amid this situation, popular analyst Ted Pillows has shared an audacious market prediction that would douse fears of an impending cycle top. Related Reading: Bitcoin Bull Run Is Over? These Signals Show Where The Market Is At Institutional Demand To Extend Bitcoin Market Cycle To 2026 A typical crypto market cycle has always peaked in Q4 of the fourth year. This timing usually matches the post-halving hype and a strong wave of retail and institutional market demand. Such behavior is observed in the last two cycles when Bitcoin reached a market top of $19,700 in December 2017, and $69,000 in November 2021. However, Ted Pillows postulates the present market is likely to present a different pattern, which aligns with the US business cycle. Generally, the US business policy centered around liquidity, interest rates, and inflation all play a heavy role in Bitcoin demand. Notably, the US Federal Reserve implemented its first rate cut of 2025 this September, and market analysts expect the monetary authority to maintain this dovish approach for the next six months. In particular, JP Morgan predicts the Fed will implement two more rate cuts in 2025 and one in 2026. This drop in interest rates is expected to boost investors’ access to liquidity through borrowing and support investments in risk assets such as Bitcoin. Furthermore, the introduction of Bitcoin Spot ETFs has also changed the structure of inflows. Notably, these investments have improved the ease of institutional investment in Bitcoin, with the present cumulative ETF inflows valued at $57.23 billion. Importantly, these heavy inflows, coupled with the emergence of Bitcoin treasury companies, have all contributed to maturing the Bitcoin market that is now likely to be driven by macroeconomic cycles rather than the traditional crypto-native cycles. If US market forces prove dominant, Ted Pillows expects Bitcoin to reach a market peak in Q1 or Q2 2026, indicating the potential for higher price targets despite recent price drops. Related Reading: Dogecoin Bullish Again? $10 Million Stock Buyback Sparks Fresh Price Hopes Bitcoin Heading To $112,000? Over the last few hours, Bitcoin has shown strong resilience in bouncing off the $109,000 price support. According to a separate analysis post by Pillows, the premier cryptocurrency is now likely headed to reclaim the $112,000 resistance price level. If market bulls successfully overcome this barrier, further analysis suggests a potential rise to $117,000. Alternatively, another retest of $109,000 could result in a decisive break below this support level, pushing prices as low as $101,000. At the time of writing, Bitcoin exchanges hands at $109,420, reflecting a decline of 0.25% in the past day. Featured image from Flickr, chart from Tradingview
Demand for XRP on the CME derivatives exchange continues to rise, providing a bullish outlook for the altcoin. This comes ahead of the potential approval of the XRP ETFs, which could further spark institutional demand for XRP. CME XRP Futures Hit New Milestone In an X post, the CME group announced that it has hit its four-month milestone for XRP futures, with a notional trading volume of $18.3 billion, 6 billion XRP traded, and 397,000 contracts traded. This again highlights the demand for the altcoin, with the derivatives exchange previously stating that the altcoin’s futures products have shown demand from both institutional and retail participants. Related Reading: Institutional Investors Are Heavily Accumulating XRP And Solana – Here Are The Numbers Notably, the CME XRP futures crossed $1 billion in open interest (OI) last month, with the altcoin becoming the fastest-ever contract to do so, having hit the mark in just three months. Amid the demand for the altcoin on the derivatives exchange, CME has announced plans to launch options trading on the XRP futures on October 13. This is expected to further boost the demand on the CME exchange, which is a positive for the altcoin. This new milestone for XRP futures comes just ahead of the potential launch of XRP ETFs under the 33 Act, which will also elevate institutional interest in the altcoin. Fund issuers are expected to file amendments for their respective funds as soon as the end of this week. This comes amid the SEC’s approval of the generic listing standards, which could enable these XRP ETFs to launch earlier. If that doesn’t happen, the focus will shift to Grayscale’s October 18 deadline, which is the first final deadline among all seven XRP filings. The commission could approve these funds simultaneously, just as it did with the Bitcoin and Ethereum ETFs. Massive Demand Expected For The ETFs It is worth mentioning that market expert Nate Geraci had previously alluded to the success of the CME XRP futures as one of the reasons he believes people are underestimating the demand the spot XRP ETFs may record. He also noted at the time that there was already over $800 million in futures-based XRP ETFs. Related Reading: XRP Goes Head-To-Head With Bitcoin In This Metric As South Korean Market Wakes Up In another X post, Geraci doubled down on his statement that people are “severely” underestimating the investor demand for the spot XRP ETFs. He noted how a similar thing happened with the spot Bitcoin and Ethereum ETFs, which have so far exceeded expectations. Canary Capital CEO Steven McClurg also has high expectations for the XRP ETFs, predicting that they could record up to $5 billion in inflows in their first month. He also believes that they could outperform the Ethereum ETFs in the process. At the time of writing, the altcoin price is trading at around $2.75, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
Crypto analyst Whale Guru has outlined his targets for altcoins on their next massive pump to the upside. He predicted that the Ethereum price would reach as high as $25,000 and expects the XRP price to reach triple digits. XRP Price To Reach $300 As Ethereum Rallies To $25,000 In an X post, Whale Guru predicted that the XRP price would reach $300 as Ethereum rallies to $25,000. He highlighted these price levels as his targets for the next pump to the upside. Meanwhile, the analyst also predicted that SOL would reach $2,000, DOGE would reach $5, SUI would reach $10, HYPE would reach $400, WLFI, and PENGU would both reach $10. Related Reading: XRP Price Confirms Descending Trendline Breakout, Here Are The Targets However, Whale Guru didn’t provide any basis for these ambitious targets for Ethereum, XRP, and the other crypto assets he mentioned. Notably, a rally to $300 for the XRP price represents a 100x increase from its current price. This is one of the largest gains among all the cryptocurrencies, the analyst mentioned. There are several factors that members of the XRP community have alluded to, which could spark massive gains for the XRP price, although the $300 target remains far off. One of these factors includes the imminent launch of the XRP ETFs. Community member Finance Bull recently highlighted the ETFs as what could be the next institutional catalyst for XRP. The ETFs are expected to have a similar impact to the one the Bitcoin and Ethereum ETFs had on BTC and ETH, respectively. Notably, Canary Capital CEO Steven McClurg has predicted that the XRP ETFs could record up to $5 billion in inflows in their first month of trading, which is bullish for the XRP price. He also believes that the XRP ETFs could outperform the Ethereum ETFs. XRP Targets $4.50 As Momentum Builds Crypto analyst CasiTrades has provided a more conservative target for the XRP price, stating that it is targeting $4.50 as the consolidation period ends and momentum builds. In an X post, she revealed that the altcoin has broken out of its months-long consolidation and that confirmation of the breakout is occurring with the test of the $3 level now in play. Related Reading: XRP RSI Remains Bullish As Support Levels Hold, Price Eyes Break Above $3.6 CasiTrades stated that the next areas to watch are $3.08 and $3.27 when the XRP price clears $3. She indicated that the key is for major Fibonacci levels to turn into support, so a breakout to either of those prices will set up a clean backtest to the key Fib levels. These key levels are the .382 support at $3 and the .236 resistance at $3.25. She added that the Fibonacci extensions point toward the $4.50 zone as a breakout target. At the time of writing, the XRP price is trading at around $3, up almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
In a notable achievement, Metaplanet has made headlines by significantly expanding its Bitcoin treasury, reaching a total of 20,000 BTC. This aggressive accumulation strategy solidifies its position as one of the world’s leading corporate Bitcoin holders. Strengthening Its Long-Term Bitcoin Treasury Strategy Metaplanet, a publicly traded company based in Japan, has successfully transitioned from a hotel operator to a major Bitcoin powerhouse. The company recently purchased 1,009 BTC, which increased its total holdings to 20,000 BTC. This acquisition cements its position as the sixth-largest corporate Bitcoin holder, surpassing Riot Platforms. Related Reading: Bitcoin Treasury Race Heats Up As Dutch Firm Shoots For $23-M Launch A crypto-oriented social media influencer known as Next100XGEMS has stated on X that what makes this achievement more significant is that the investment reflects more than just a financial play. However, it represents a fundamental shift in its core business strategy. By dedicating a significant portion of its treasury to Bitcoin, Metaplanet demonstrates a profound level of institutional trust in the digital asset as a long-term strategic reserve, which marks a new era of institutional adoption. Metaplanet’s 21 million plan is a bold, long-term strategy to combat the decline in the value of the Japanese yen and rising inflation. The company aims to acquire a significant portion of the total 21 million Bitcoin supply, positioning itself as a hedge against currency debasement. This strategic use of BTC as a currency protection tool highlights its growing appeal as an alternative to traditional fiat currencies, a trend that is becoming increasingly popular globally. The remarkable 486.7% year-to-date yield from this investment showcases the immense potential and could serve as a model for businesses and organizations around the world, prompting them to reassess their own treasury management approaches. This development is expected to drive increased demand for Bitcoin, further fueling its price growth and solidifying its role in the emerging financial system. Institutional Flows Fuel Bullish Momentum As institutional demand for Bitcoin accelerates and market infrastructure strengthens, CryptoBusy has revealed that September has long been considered a historically weak month for Bitcoin. Data shows that the median return sits at -3.12% with 8 of the last 12 years ending in the red. However, 2025 is shaping up to be fundamentally different. Related Reading: $40M Bitcoin Treasury Launch Marks South Korea’s First Institutional Crypto Move The landscape has shifted significantly. ETFs are now live, institutional inflows are accelerating, and the US has openly embraced Bitcoin. These factors have transformed the usual bearish September narrative into a potentially bullish setup. Last year, September 2024 closed with a green candle at +7.29% despite the seasonal headwinds. With Bitcoin having already printed a new all-time high of $124,000 earlier in this cycle, the market is poised to see if 2025 will mark the first ETF-driven September Rally. Featured image from Pixabay, chart from Tradingview.com
Ethereum has once again overtaken Bitcoin in the competition for institutional attention, with Spot Ethereum ETFs recording larger inflows than their Bitcoin counterparts in the past few days. This trend might be building up another chapter in the growing debate over whether Ethereum is on track to start outperforming Bitcoin in terms of price action, which might lead to another altcoin season this cycle. Ethereum ETF Inflows Surpass Bitcoin Once Again Data from ETF trackers show that Ethereum funds have been posting stronger inflows than Bitcoin ETFs across several sessions in recent days. According to data from Farside Investors, US-based Spot Ethereum ETFs captured around $307.2 million in net inflows on August 27, bringing the total cummulative netflow to $13.64 billion. Related Reading: BlackRock’s Crypto Holdings Balloon As Bitcoin, Ethereum Reach For New ATHs — Here Are The Numbers The bulk of these inflows came from BlackRock’s iShares Ethereum Trust (ETHA), which attracted $262.6 million on the day, while Fidelity’s FETH added $20.5 million. By contrast, Spot Bitcoin ETFs based in the US managed to attract just $81.4 million in net inflows. The ETF inflows in the past 24 hours are not an isolated occurrence. Ethereum has now outpaced Bitcoin inflows across multiple consecutive trading days to give a glimpse into institutional sentiment toward the second-largest cryptocurrency. For example, August 26 was highlighted by a $455 million inflow into Spot Ethereum ETFs, compared to $88.1 million into Spot Bitcoin ETFs. The previous day (August 25) saw a similar pattern, with $443.9 million directed into Ethereum funds versus $219.1 million into Bitcoin. The surge in Ethereum inflows can be traced back to the middle of July, when Spot Ethereum ETFs first surpassed Bitcoin’s daily inflows. During that period, ETH funds brought in $603 million on July 17, compared with Bitcoin’s $522 million, to establish a precedent that appears to be repeating. Will Ethereum Outperform Bitcoin This Cycle? The recent trend of Ethereum ETFs outperforming their Spot Bitcoin ETFs is sure to resonate well with many Ethereum proponents, who are awaiting a full-blown altcoin season led by the leading altcoin. However, the important question is whether Ethereum’s recent momentum can translate into long-term outperformance of Bitcoin. Related Reading: Machine Learning Algorithm Predicts Ethereum Price Will Cross $9,000, Here’s When Alongside the divergence in ETF flows, the price action of Ethereum and Bitcoin has also highlighted their contrasting trajectories in recent days. Ethereum has been trading with stronger upside pressure and less downside pressure, which allowed it to reach a new all-time high of $4,946 on August 24. At the time of writing, Ethereum is trading at $4,616 after testing an intraday high near $4,658 and a session low of $4,473. Bitcoin, on the other hand, is steady but showing less upward momentum. At the time of writing, Bitcoin is trading at $113,100 after trading between roughly $110,465 and $113,332 on the day, which keeps its price movement tilted more towards the downside. Featured image from iStock, chart from Tradingview.com
The world’s largest asset manager, BlackRock, has notably been on a Bitcoin selling spree throughout this week, triggering a wave of sell-offs in the process. These sales have occurred due to the outflows that the asset manager has witnessed from its BTC ETF. BlackRock Dumps Around $500 Million In Bitcoin Arkham data shows that BlackRock has offloaded around $500 million in Bitcoin this week, with transfers to Coinbase, a move that indicates a move to sell these coins. The asset manager has sold these coins following outflows from its iShares Bitcoin ETF, which was the norm throughout this week. Related Reading: BlackRock’s Crypto Holdings Balloon As Bitcoin, Ethereum Reach For New ATHs — Here Are The Numbers SoSo Value data shows that BlackRock’s Bitcoin ETF first recorded a daily net outflow of $68.72 million on August 18. The fund then further saw net outflows of $220 million, $127.49 million, and $198.81 million on August 20, 21, and 22, respectively. Notably, the iShares Bitcoin ETF has accounted for most of the outflows, with the BTC ETFs as a group currently on a six-day streak of consecutive net outflows. These Bitcoin ETFs have seen total net outflows of almost $1.2 billion since August 15. Meanwhile, in just this week alone, over $1.1 billion has left these funds, sparking a bearish sentiment for the BTC price. Given BlackRock’s position as a major player in the Bitcoin ecosystem, outflows from its fund had sparked a wave of sell-offs. This led to a massive decline for the flagship crypto earlier in the week. The Bitcoin price had dropped to as low as $112,000 this week as BlackRock and other BTC investors took profit on their investments. This followed the flagship crypto’s rally to a new all-time high (ATH) of $124,000 last week. However, BTC has now sharply rebounded on the back of Jerome Powell’s Jackson Hole speech, in which he indicated that a rate cut might happen in September. An End To The BTC ETF Outflow Streak Notably, Powell’s speech was enough to spark fresh inflows into the Bitcoin ETFs on August 22, with BlackRock the only fund manager that recorded a net outflow on the day. Further data from SoSo Value shows that Cathie Wood’s Ark Invest recorded a daily inflow of $65.47 million, the most among the issuers on the day. Related Reading: Analyst Warns Investors To Avoid Bitcoin At All Cost As Price Is Going Below $60,000 Meanwhile, Fidelity, Van Eck, Franklin Templeton, Bitwise, and Grayscale recorded inflows of $50.88 million, $26.41 million, $13.51 million, $12.70 million, and $6.42 million, respectively. However, BlackRock recorded an outflow of $198.81 million, which led to a daily net outflow of $23.15 million for the funds as a group. With the Bitcoin price rebounding, these funds, including BlackRock’s IBIT, could return to witnessing significant daily inflows from next week. At the time of writing, the Bitcoin price is trading at around $115,900, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Oliver Michael, the CEO of Tokentus, has again provided a bullish outlook for XRP. This time, he predicted that the altcoin could reach as high as $13 and outlined factors that could serve as catalysts for this significant price surge. XRP Eyes Surge To $13 With These Catalysts Oliver Michael predicted in an interview that XRP could rally to $13 at some point if it sustained its current bullish momentum. He alluded to the Ripple SEC lawsuit, which just concluded and how it could spark several ripple effects, which would act as catalysts for the next leg up for the third-largest crypto by market cap. Related Reading: Analyst Says XRP Pump Always Comes After This Happens One of these ripple effects is the potential approval of the XRP ETFs. Michael noted that the SEC can now go on to approve these funds since the legal battle against Ripple is over. Furthermore, he raised the possibility of BlackRock filing for an XRP ETF and indicated that the altcoin is likely to record a parabolic rally if this happens, considering BlackRock’s position as the world’s largest asset manager. It is worth noting that BlackRock has said that it has no plans to file for an XRP ETF at the moment. However, XRP lawyer John Deaton believes that the world’s largest asset manager will still file to offer this fund within a year from now. If so, this could drive significant inflows into the XRP ecosystem, considering the success that the firm has recorded with its Bitcoin and Ethereum ETFs. More Catalysts For The Altcoin Meanwhile, Oliver Michael also expects more Ripple partners to emerge now that the SEC lawsuit is over. This will help enhance XRP’s utility as more companies adopt Ripple’s payment services. Notably, the crypto firm has also made great strides to expand its presence globally by acquiring platforms like the stablecoin platform Rail and brokerage firm Hidden Road. Related Reading: XRP Price At $36: 7-Year Bottom Breakout Could Trigger Repeat Of 2014-2017 Another reason why the Tokentus CEO believes that XRP can reach this $13 price level is based on his expectation that retail investors will develop a greater interest in the altcoin now that Bitcoin and Ethereum have already pumped significantly. Therefore, they will turn to XRP as the third-largest crypto, which may have more upside than BTC and ETH. Michael remarked that XRP’s move to the upside could happen really fast, similar to its rally of over 300% from below $1 to $3 last year. The altcoin already rallied to as high as $3.6 this year, boasting a 33% year-to-date (YTD) gain. However, based on Michael’s prediction, the XRP price could still reach new highs in the coming months. At the time of writing, the XRP price is trading at around $3.10, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
Onchain analytics platform Glassnode has revealed that most Bitcoin short-term holders are in profit. This development has raised the possibility of the flagship crypto facing another sell-off from this category of holders, who may be unable to hold during this period of sideways action. 70% of Bitcoin Short-Term Holders Are in Profit A Glassnode report revealed that 70% of the Bitcoin short-term holders’ supply is in profit despite the recent Bitcoin price pull-back. The platform noted that the deeper the correction, the more their supply is likely to fall into loss, a development which could affect these holders’ confidence. Related Reading: Pundit Reveals When To Take Profit From Bitcoin Ahead Of Parabolic Rally The report further stated that, considering that the Bitcoin price is currently trading within a relatively thin air-gap, the sell pressure is likely to come from late-stage profit-taking, should this happen. For now, the sell pressure from these Bitcoin short-term holders looks to be relatively low. Glassnode pointed out the percentage of spent volume originating from Bitcoin short-term holders who were in profit to assess how much this corrective phase has influenced these investors. This metric measures the number of recently acquired coins that are taking profit. The platform noted that the proportion of short-term holders spent coins taking profit has cooled off, currently at 45%, which is a neutral position. Glassnode stated that this suggests that the market is in a relatively balanced position, calming fears about a potential sell-off from Bitcoin short-term holders. Meanwhile, the platform also alluded to the Bitcoin ETFs, which also create sell-side pressure for the flagship crypto. These ETFs recorded a net outflow of 1,500 BTC on August 5, the largest wave of sell-side pressure since April 2025. The report noted that outflows from the Bitcoin ETFs have been relatively brief events, with only a few instances of an extended streak of daily outflows, which create sustained sell-side pressure. Glassnode believes that keeping an eye on the ETF flows will help to identify whether this latest outflow is just a repeat of the short-lived trend or a shift in investors’ sentiment. $116,900 Is The Resistance Level BTC Needs To Break Above Glassnode indicated that the Bitcoin price needs to break above the $116,900 level decisively to build any momentum for the next leg up. This level serves as the cost basis of local top buyers who bought BTC over the last month. The platform claimed that a sustained price move above this level would signal that the demand side is regaining control. Related Reading: Bitcoin Price Crash To $100,000 Or Rally To $122,000? Analyst Shows Game Plan For BTC Furthermore, it also offers early confirmation that the Bitcoin price has found reliable support and could continue its move to the upside. On the other hand, if BTC remains below this level for a longer period, Glassnode remarked that it increases the risk of a deeper correction. Bitcoin could drop toward the lower bound of the air gap near $110,000. At the time of writing, the Bitcoin price is trading at around $116,800, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Coinbase’s Bitcoin premium has dropped into negative territory for the first time since May. This development is bearish for the flagship crypto as it suggests that demand from the U.S. may be waning. Coinbase Bitcoin Premium In The Red CryptoQuant data shows that the Coinbase Bitcoin Premium Index is at -0.00254829, marking the first time it has been in the red since May 29, when it was at -0.01626105. This Index tracks the difference between the Bitcoin price on Coinbase and the Bitcoin price on Binance. It is also used to gauge the spot demand for BTC from institutional and retail investors in the U.S. Related Reading: Finance Author Warns Of Great Depression Style Crash, Is Bitcoin The Answer? As such, this development suggests that the demand for BTC among U.S. investors is currently low. This is significant considering that Bitcoin rallies to new highs have coincided with the Coinbase premium being in positive territory. This highlights how much demand from the U.S. contributes to BTC’s uptrend. In recent times, this demand has mainly come from the Bitcoin ETFs, with Coinbase acting as a custodian for eight out of the eleven spot BTC funds. Notably, the drop in the Coinbase Bitcoin premium coincides with the drop in the net inflows and increase in outflows from these funds. SoSo Value data shows that these funds recorded net outflows of $114.83 million on July 31. Before now, they had also gone on a 3-day streak of consecutive net outflows between July 21 and 23. This indicates a wave of profit-taking among these investors, especially following the recent Bitcoin rally to a new all-time high (ATH) of $123,000. In an X post, CryptoQuant also confirmed this wave of profit-taking. The platform revealed that Bitcoin just saw its third major profit-taking wave of this bull run. Realized profits spiked to between $6 and $8 billion in late July, similar to March and December 2024 peaks. CryptoQuant added that it was new whales who led the selling above $120,000. New Investor Dominance Is Growing With Market In Stable Condition In a CryptoQuant on-chain analysis, analyst Axel revealed that new investor dominance is growing and that the market is still stable in this late Bitcoin bull cycle phase. He alluded to the demand and supply between new and old investors metric and noted that the peaks of 64% in March 2024 and 72% in December 2024 coincided with local price maximums. Related Reading: Bitcoin Bull Market Is Over? Analyst Calls 50% Crash To $60,000 The analyst noted that during those periods, the influx of new liquidity into Bitcoin was exhausted, and old holders began actively taking profits. However, this time is different, as the current value of the demand and supply between new and old investors is 30%, which is only half of the overheated levels. Axel added that the trend is directed upward as the cumulative activity of young coins has been steadily growing since July 2024. The analyst remarked that this indicates that a notable layer of new buyers is entering the Bitcoin market. Meanwhile, pressure from the old holders is not yet critical. At the time of writing, the Bitcoin price is trading at around $115,550, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Institutional demand for Ethereum appears strong as spot exchange-traded funds (ETFs) have recorded seventh-straight week of inflows. US Ethereum Spot ETFs Have Recently Seen Continuous Inflows In a new post on X, the analytics firm Glassnode has shared an update on how the netflow related to the US Ethereum spot ETFs is looking. Spot ETFs are investment vehicles that allow investors to gain exposure to a given cryptocurrency without having to directly own tokens of it. Related Reading: Ethereum At Risk? If $2,200 Cracks, $1,160 May Be Coming These ETFs trade on traditional platforms, so traders taking this route don’t have to bother with digital asset exchanges and wallets. For investors only familiar with the traditional mode, this fact can make the ETFs the preferrable mode of investment. The US Securities and Exchange Commission (SEC) approved spot ETFs for Ethereum in mid 2024, half a year after Bitcoin’s approval went through near the start of the year. Below is the chart shared by Glassnode that shows how the aggregate netflow has been like for the US ETH spot ETFs during the past few months. As is visible in the graph, the Ethereum spot ETFs saw outflows earlier in the year, but the trend has been different since the final third of April. Save for a week in May, a net amount of capital has been pouring into these investment vehicles. “As ETH rebounded from $2.2K to $2.5K, institutional appetite followed,” notes Glassnode. “Spot ETH ETFs recorded 106K ETH in net inflows last week – marking the 7th consecutive week of positive flows.” Ethereum isn’t the only cryptocurrency that has recently been enjoying ETF inflows. As the analytics firm has pointed out in another X post, the number one digital asset, Bitcoin, is also seeing demand pick up. As displayed in the above chart, Bitcoin has also been seeing a green netflow for the US spot ETFs, but due to a week of outflows in early June, the streak only stands at three weeks for the asset. During the latest week, around 15,000 BTC flowed into the ETFs. In USD terms, that’s equivalent to $1.6 billion. For comparison, inflows amounted to $258.6 million for Ethereum. Clearly, while both have seen demand, there is a clear difference of scale involved between the two. Related Reading: Dogecoin Under Pressure: Only Top 10 Coin Where Loss-Taking Exceeds Profit From the graph, it’s apparent that the US Bitcoin spot ETFs saw an acceleration of demand over the course of June. It only remains to be seen, though, whether the trend would keep up in this month of July. ETH Price Ethereum crossed the $2,500 level earlier, but it seems the coin has since faced a pullback as its price is back at $2,400. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
The US Bitcoin spot ETFs logged over $2 billion in net inflows last week, marking a three-week streak of positive momentum. Despite a bearish start to June, with $128.81 million in net outflows during the first trading week, investor appetite soon quickly rebounded. This turnaround has resulted in a cumulative $4.63 billion in deposits over the past three weeks. Related Reading: The $100K Mirage: Bitcoin’s Rally Not Backed By On-Chain Strength Bitcoin ETFs On Impressive 14-Day Positive Streak Despite Market Uncertainty On Friday June 27, the 12 US Bitcoin ETFs registered net inflows of $501.27 million bringing the aggregate deposits of the last week to a staggering $2.22 billion. According to data from ETF tracking site SoSoValue, the clean streak of daily inflows from last week extends the ETFs’ positive performance to 14 consecutive days. In analyzing individual ETF data from this week, the BlackRock IBIT registered $1.31 billion in net deposits solidifying its position as the market’s unrivalled leader. Meanwhile, Fidelity’s FBTC and Ark/21 Shares’ ARKB also experienced substantial cumulative inflows of $504.40 million and $268.14 million, respectively. Grayscale’s BTC, VanEck’s HODL, Valkyrie’s BRRR, Invesco’s BTCO, and Franklin Templeton’s EZBC also recorded moderate net flows ranging from $1million – $25 million. In familiar fashion, Grayscale’s GBTC produced the only net outflows losing $5.69 million in withdrawals, but still retains its position as the third largest Bitcoin ETF with $19.79 billion in net assets. Following this week, the US Bitcoin Spot ETFs have now recorded $4.50 billion in net flows in June signaling a resolute demand from institutional investors despite Bitcoin market troubles. Notably, the premier cryptocurrency has witnessed extensive corrections since hitting a new all-time high of $111,790 on May 22. Over the last month, BTC has made no new price discovery trading largely between $100,000 and $110,000 to form a descending price channel. While this price performance reflects a neutral market sentiment, the high influx of capital into the Bitcoin ETFs signal a long-term confidence by institutional investors on Bitcoin’s price appreciation prospects. Related Reading: Ethereum Holds Critical Long-Term Channel – Next Move Could Be Parabolic Ethereum ETFs Log $283 Million In Deposit To Close Out H1 2025 In other developments, SoSoValue data also reveals that US Ethereum Spot ETFs notched up a cumulative inflow of $283.41 million over the last week extending their positive streak to seven consecutive weeks. In June alone, these ETFs saw total inflows of $1.13 billion, marking their largest monthly gain in 2025. As of the time of writing, the total net assets of the Ethereum ETFs stand at $9.88 billion, accounting for 3.37% of Ethereum’s market capitalization. Meanwhile, Ethereum continues to trade at $2,441 with Bitcoin prices set around $107,339. Featured image from Nairametrics, chart from Tradingview
After days of testing a resistance zone at $106,000, Bitcoin has finally broken above the $107,000 mark to confirm a strong bullish momentum that has been building since early June. The breakout, which has seen Bitcoin reclaim $110,000 briefly in the past 24 hours, follows several failed attempts to close above this pivotal level. Technical analysis of the Bitcoin price indicates that the breakout above $107,000 has given bulls back control. Particularly, technical analysis from crypto analyst Michaël van de Poppe suggests that Bitcoin’s price will accelerate for the rest of the week. $106,500 Confirms Strength, Analyst Eye Accelerated Move Over the past few days, Bitcoin’s price structure has been forming a rounded base with higher lows, gradually coiling under a support turned resistance. Now that the breakout has occurred, bulls seem to be back in control. Related Reading: Why The Bitcoin Price Could See Another 70%-170% Jump From Here According to Michaël van de Poppe, a widely-followed crypto analyst on the social media platform X, the decisive moment came after Bitcoin cleared the $106,500 resistance, a level he previously mentioned he’s looking at. In his post, he noted that as long as Bitcoin maintains support above this zone, momentum will continue to shift in favor of buyers. Specifically, he pointed out that day traders are likely to pile in with new long positions, while short sellers are either closing their positions or getting squeezed out entirely. Both of these actions will continue to generate buying pressure, at least in the short term. This shift in market structure has already begun to play out. As the chart below shows, the previous resistance zone around $107,000, which was a strong support during the earlier ATH moves in May, has now flipped. This zone had repeatedly rejected price advances, acting as a price ceiling since May 30. Now, with the breakout confirmed and volume increasing, the analyst expects a swift rally toward $108,900 and beyond for the rest of the week. Bulls Prepare For New Bitcoin All-Time High The timing of this breakout also coincides with the start of the trading week, which Van de Poppe describes as a great start to the week and a continued upside for the remainder of the week. More often than not in this cycle, Bitcoin has exhibited sentiment surges early in the week that persisted throughout the week. If Bitcoin can consolidate above the $107,000 to $108,000 range without falling back into the previous structure, it could enter a new price zone as soon as the $111,000 barrier is breached. Related Reading: Bitcoin Diamond Hands Are Buying Again, Here’s Why It’s Bullish For The Market With increasing interest due to ETF inflows, it could serve as the launchpad for Bitcoin’s next major leg up, carrying it toward new all-time highs before the end of June. At the time of writing, Bitcoin is trading at $109,455, having recently reached an intraday high of $110,237. The leading cryptocurrency is currently only about 2.5% away from setting a new all-time high. Featured image from Getty Images, chart from Tradingview.com
Despite the recent rally to a new all-time high (ATH) of $111,900, crypto analysts have warned that the Bitcoin price could still witness a massive crash that will send it below $100,000. These analysts highlighted fundamentals and technicals that could spark this price crash. Analysts Highlight Why Bitcoin Price Could Still Crash Below $100,000 In a TradingView post, crypto analyst Stephan mentioned the geopolitical tensions, with the Russia-Ukraine conflict intensifying as one of the factors that could spark the Bitcoin price crash. He explained how this conflict could drive investors toward safe-haven assets, such as gold. The analyst also noted that Bitcoin ETFs experienced modest outflows last week. Related Reading: Bitcoin Price Crash To $104,000: What You Need To Know In June Stephan’s accompanying chart showed that the Bitcoin price could drop to as low as $96,765 as it retests the psychological $100,000 support level. Crypto analyst Nova also warned that Bitcoin could drop to $100,000 while providing a technical analysis of the flagship crypto’s current price action. In a TradingView post, Nova stated that if the Bitcoin price faces resistance around the $106,406 daily level and continues to correct, it could extend the decline to retest the psychologically important $100,000 mark. She further revealed that the Relative Strength Index (RSI) on the daily chart is at 53, trending downwards to the neutral level of 50. This indicates weakening bullish momentum. Nova also stated that the Moving Average Convergence Divergence (MACD) showed a bearish crossover last week. Meanwhile, the analyst alluded to the increasing red histogram bars below the baseline, which she claimed further signal a potential correction ahead. Her accompanying chart showed that the Bitcoin price could drop to $99,000 as it retests the $100,000 level. Crypto analyst Kevin Capital also called for caution at the current Bitcoin price level. He stated that nothing has changed for the flagship crypto and indicated that there was no need to be ultra bullish at this current level. The analyst earlier warned that things could get sketchy looking for BTC if it fails to reclaim $106,800 soon enough. BTC Could Still Rally To $135,000 This Year In an X post, crypto analyst Titan of Crypto raised the possibility of the Bitcoin price rallying to $135,000 this year. He noted that BTC has broken out of a right-angled descending broadening wedge, and if the price holds above the breakout zone, $135,000 becomes a realistic target. The analyst added that the structure is clean. Related Reading: Head And Shoulders Pattern Says Bitcoin Price Is Headed Down Toward $95,000 Crypto analyst Mikybull Crypto stated that the Bitcoin price is gearing up for a new all-time high. He further remarked that $120,000 remains a magnet for the flagship crypto in this market cycle. Meanwhile, veteran trader Peter Brandt predicted that BTC could reach $150,000 by late summer 2025. At the time of writing, the Bitcoin price is trading at around $105,400, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
The US Bitcoin ETFs are strongly reflecting the bullish sentiments that are ravaging the crypto market at the moment. Following an impressive performance in the third week of April marked by $3.06 billion in net inflows, these Bitcoin ETFs did well to retain investors’ interest by attracting almost $2 billion in deposits over the past week. Notably, Bitcoin has recently seen a market rebound, with prices moving from $84,000 to $97,000 in the last two weeks. The rising inflows to Bitcoin demonstrate a strong market demand backing this resurgence, hinting at the potential of a sustained uptrend. Related Reading: Bitcoin At Critical Juncture – Price Levels To Watch: Analyst Bitcoin ETFs Drive Into May On Bullish Note According to ETF tracking platform SoSoValue, the US Bitcoin Spot ETFs recorded $1.81 billion in net inflows as the market crossed into the month of May. This represents the third-largest weekly inflow in 2025 as institutional investors actively rotate their capital into the cryptocurrency and all related markets. In a familiar tale, BlackRock’s IBIT attracted the largest investments with over $2.48 billion in net inflows. Interestingly, IBIT accounted for all deposits on Friday, May 2nd, valued at $674.91 million, demonstrating an unrivaled market dominance. Other ETFs that experienced a net inflow include Grayscale’s BTC, VanEck’s HODL, and Invesco’s BTCO, with investments ranging from $10 million – $41 million. Meanwhile, Fidelity’s BTCO accounted for the largest weekly net outflow at $201.90 million in what proved a bearish week for the second-largest Bitcoin ETF. Grayscale’s GBTC and Bitwise’s BITB also registered net withdrawals valued between $30 million – $60 million. While Franklin Templeton’s EZBC, Wisdom Tree’s BTCW, Hashdex’s DEFI, and Valkyrie’s BRRR have zero market flows. Following this bullish trading week, the US Bitcoin Spot ETFs boast of $40.24 billion in cumulative total net inflow. Meanwhile, their total net assets are now valued at $113.15 billion, representing 5.87% of Bitcoin’s market cap. Related Reading: Machine Learning Algorithm Predicts Ethereum Price Crash To $1,500 After 4 Red Month Closes Ethereum ETFs Score $107 Million In Investments Alongside the resurgence with their Bitcoin counterparts, Ethereum Spot ETFs are also experiencing a notable rebound, recording over $250 million in net inflows over the past two weeks. Specifically, these ETFs registered $106.75 million in inflows in the last trading week, with BlackRock’s ETHA accounting for the majority share. Presently, these ETFs hold a cumulative total net inflow of $2.51 billion and total net assets of $6.40 billion, which represents 2.87% of the Ethereum market cap. At the time of writing, Ethereum continues to trade at $1,845 following a 0.49% decline in the past 24 hours. Meanwhile, Bitcoin remains valued at $95,514. Featured image from iStock, chart from tradingview
By their lofty standards, the US Bitcoin spot ETFs produced a moderately positive performance last week, attracting about $200 million in netflows. This development comes amid an impressive market comeback over the past two weeks following the heavy withdrawals seen in early March. Related Reading: Bitcoin Price Slips Under $84,000 — Key Support Levels To Watch Bitcoin Spot ETFs: 10 Straight Days Of Positive Netflows According to data from ETF tracking site SoSoValue, the Bitcoin ETFs registered total net outflows of $93.47 million on Friday, moving its aggregate netflows for the past week to $196.7 million. Prior to Friday’s negative input, these funds recorded a positive flow for 10 consecutive trading days suggesting a high amount of favorable market interest. This development indicates a return of bullish sentiments among Bitcoin institutional investors following the bearish mood seen in February and early March which featured massive asset withdrawals. In a similar fashion, Blackrock’s IBIT accounted for the majority of the inflows from last week by attracting $171.95 million in investments, followed by Fidelity’s FBTC with $86.84 million. VanEck’s HODL was the only other ETF with a positive inflow of $5 million in new deposits. On the other hand, a large percentage of withdrawals came from Ark Invest’s ARKB which recorded $40.97 million in net outflows. Invesco’s BTCO, WisdomTree’s BTCW, and Bitwise’s BITB also experienced moderate levels of redemptions ranging between $6.95 million – $10.22 million. Meanwhile, Grayscale’s GBTC, BTC, and Franklin Templeton’s EZBC registered no significant flow. Related Reading: Bitcoin RSI Targets Daily Retest That Triggered 2024 Price Rally, What Happened Last Time Bitcoin ETFs Close Out Q1 – What Next? With Q2 of 2025 fast approaching, the Bitcoin spot ETFs conclude the first quarter of the year on an uncertain note. The year began with strong bullish momentum, driving $5.25 billion in net inflows during January. However, this was followed by a sharp reversal, with cumulative net liquidations of $4.25 billion across February and March. Notably, the resurgence of positive inflows seen in the latter half of March is a sign of renewed market interest and strong market confidence. Furthermore, the crypto-friendly stance being adopted by the Donald Trump administration could encourage institutional investment in the long run. However, macroeconomic factors including potential Fed rate hikes, and ongoing US tariff changes may force investors to move out of high-risk assets or other associated investments. In addition, the uncertainty over the current Bitcoin bull run also draws serious concerns. At the time of writing, the flagship crypto asset trades at $83,359 after a 0.77% decline in the past day. Meanwhile, daily trading volume is down by 49.43% and is valued at $16.88 billion. Featured image from StormGain, chart from Tradingview
The Ethereum Spot ETFs began February 2025 on a strong positive note, recording net inflows double the size in the Bitcoin ETF market in the first week of the month. Interestingly, this development coincided with a bearish trading week for Ethereum, during which its price declined by 16.18%. Related Reading: Ethereum Spot ETFs Suffer $186 Million Outflows As New Year Struggles Persist – Details Ethereum Spot ETFs Register $420 Million Inflows Amid Price Fall As prices of Ethereum struggled to find market stability in the past week, the Ethereum Spot ETFs experienced an increased level of market interest translating into a net inflow of $420 million. Data from SoSoValue show the ETH ETFs pulled inflows significantly larger than the $203 million registered by the Bitcoin Spot ETFs despite the premier cryptocurrency having a better price performance. Commenting on this eye-catching development, Coinbase analysts have attributed Ethereum ETF performance to a spiked interest in ETH as a preferred asset for CME basis trade over Bitcoin. For context, the CME basis trade is a common trading strategy where market participants go long on an asset in the spot market and short in the future market with intentions to profit from the difference in market prices. According to data from Coinbase, CME ETH basis trade produced a higher gain (16%) than that of Bitcoin (10%) over the last week translating into an increased market institutional interest in the Spot ETFs. Of the reported net inflows in the Ethereum ETF market, BlackRock’s ETHA remains investors’ favorite with total net deposits of $286.81 million. Unsurprisingly, Fidelity’s FETH came second with aggregate investments of $97.28 million. Grayscale’s ETHE, ETH, Bitwise’s ETHW, and 21 Shares’ CETH also recorded modest net inflows between $4 million -$18 million. Meanwhile, Invesco’s QETH, Franklin Templeton’s EZET, and VanEck’s ETHV all record zero net flows. Over the last trading week, the Ethereum Spot ETFs saw their net assets decline to $9.88 billion despite a net positive flow. At the time of writing, these ETFs now control 3.17% of the ETH market cap. Related Reading: Ethereum Price Could Be Primed For Another 100% Move After Printing Capitulation Candle ETH Price Overview At press time, Ethereum trades at $2,681 following a 1.46% rise in the last 24 hours. However, daily trading volume is down by 45.15% and is now valued at $16 billion. According to its daily trading chart, the Ethereum Relative Strength Index is currently at 34.03 heading in an upward direction. This data suggests strong potential for a price reversal following last week’s price crash. In driving any price rally, market bulls will encounter strong resistance in the $3400 price zone, pushing past which could allow a return to the local market peak of $4,000. Featured image from ShutterStock, chart from Tradingview
The Bitcoin Spot ETFs, one of the most exciting financial markets at the moment, closed out another week with net inflows resulting in three consecutive weeks of gains. In tandem, the Ethereum Spot ETFs also produced an overall positive performance to record their first weekly net inflows in 2025. Related Reading: Bitcoin At Risk Of Supply Shock As ETF Issues Buy More BTC Than Was Produced In December Bitcoin Spot ETFs Register $2.42 Billion Net Flows In 2025 Following a turbulent end to December 2024, the US Bitcoin Spot ETFs have launched 2025 on a strong bullish note with significant market inflows reminiscent of their impressive performance in the majority of Q4 2024. According to data from ETF analytics site Farside Investors, these Bitcoin ETFs recorded an aggregate inflow of $1.862 billion in the third trading week of 2025 resulting in a total net flow of $2.42 billion in the new year. Interestingly, this week started on a negative note as these ETFs suffered withdrawals valued at $493.9 million between 13 January – 14 January amidst a Bitcoin flash crash to below $90,000. However, a surge in Bitcoin prices in the remaining three trading days corresponded with a rise in investors’ confidence translating to a cumulative inflow of $2.35 billion during this period. In familiar fashion, BlackRock’s IBIT registered the largest net inflows of the week valued at $745.7 million, with Fidelity’s FBTC taking second with investments worth $680.2 million. Bitwise’s BITB and Ark’s ARKB also registered significant inflows, totaling $216 million and $204.7 million, respectively. Other ETFs such as Invesco’s BTCO, Grayscale’s BTC, WisdomTree’s BTCW, VanEck’s HODL, and Franklin Templeton’s EZBC recorded modest net inflows of not more than $40.1 million. Unsurprisingly, Grayscale’s GBTC produced the only net outflow of the week valued at $87.7 million. Meanwhile, Valkyrie’s BRRR was also another outlier registering zero net flows. At the time of writing, BlackRock’s IBIT maintains its market dominance with $38.41 billion in cumulative net inflow. IBIT also boasts $59.28 billion in net assets accounting for almost half of the total net assets ($120.95 billion) in the Bitcoin Spot ETF market. Related Reading: Ethereum ETFs Record $38 Million Outflows, Break 5-Week Positive Streak – Details Ethereum ETFs Return To Positive $212 Million Inflows In addition to the strong performance of Bitcoin Spot ETFs, Ethereum ETFs recorded a net inflow of $212 million, signaling a return to positive gains after a rocky start to 2025. The BlackRock ETHA emerged as the focal center of these gains, registering $151.3 million in net flows over the week. At the time of writing, the Ethereum Spot ETFs now hold a total net asset of $12.66 billion representing 2.99% of Ethereum’s market cap. On the spot market, Ethereum continues to trade at $3,297, with Bitcoin now valued at $104,837. Featured image from Anndy Lian, chart from Tradingview
One year ago, the US Securities and Exchange Commission (SEC) announced the approval of Bitcoin Spot ETFs in what would be a historic move for institutional adoption in cryptocurrency. In no equivocal terms, these exchange-traded products have superseded market expectations in terms of demand and performance becoming a major influence over Bitcoin’s price trajectory. Related […]
Amidst a general crypto market rally, the price of Ethereum surged by 8.07% in the past week marking a return into the $3,600 price zone. Despite this price gain, the Ethereum Spot ETFs recorded a net weekly outflow of $38.20 million, ending a five-week positive streak. Interestingly, the underperformance coincided with the Bitcoin Spot ETFs managing a return to the green track as they recorded their lowest positive inflows in the last five months. Related Reading: Ethereum Spot ETFs Witness Unbroken 16-Day Inflow Streak: New ETH ATH Soon? Ethereum Spot ETFs Open 2025 On Negative Note Following the US elections in November, the Ethereum Spot ETFs alongside other crypto-related markets registered a massive level of investor interest tied to the expectations of a pro-crypto government led by President-elect Donald Trump. Despite a significant wide-scale crypto price correction in which ETH price dropped by 23%, interest in the Ethereum Spot ETFs remained strong with an estimated $2.11 billion recorded in net inflows over the month. However, data from SoSoValue shows these Ethereum ETFs have now experienced a net outflow of 38.20 million in the first trading week of 2025, indicating a change in US institutional investors’ sentiments. Bitwise’s ETHE accounted for the largest outflows valued at $56.11 million, followed by Grayscale’s ETHE, which recorded around $51.62 million in withdrawals. Franklin Tempton’s EZET also registered outflows to the tune of $3.11 million. Meanwhile, Fidelity’s FETH experienced the largest inflows in the past week with investments of $38.42 million as BlackRock’s ETHA emerged second with $33.88 million in new deposits. Grayscale’s ETH witnessed modest inflows of 1.10 million as 21 Shares’ CETH and VanEck’s ETHV saw no market flows at all. At press time, BlackRock’s ETHA remains the most attractive Ethereum Spot ETF with total cumulative inflows of $3.56 billion. However, Grayscale’s ETHE maintains market dominance with net assets of $5.07 billion. Despite the recent weekly net outflows, the Ethereum Spot ETFs have experienced remarkable growth in the past few months resulting in a current total net assets of $13.03 billion representing 3% of the Ethereum market cap. Related Reading: Ethereum Battles Bearish Retail Sentiment Amid Surging ETF Demand Bitcoin ETFs Register $245 Million Inflows As 2025 Begins While Ethereum Spot ETFs saw another week of negative returns, their Bitcoin counterparts recorded $244.99 million in weekly inflows, driven by a substantial $908.10 million investment on Friday. Total net assets in the Bitcoin Spot ETF market is now valued at $111.46 billion with the BlackRock’s IBIT asserting a 48.68% market dominance. At the time of writing, Bitcoin continues to trade at $97,638 with the market price of Ethereum hovering around $3,660. Featured image from Lxme, chart from Tradingview
Spot Bitcoin (BTC) exchange-traded funds (ETFs) registered their first red weekly performance in a month during Christmas Week, their worst performance since September. However, analysts noted that the ETF industry saw its best year yet. Related Reading: Ethereum Looks To Reclaim All-time High, Current Cycle To Outperform Past Cycles? Bitcoin ETFs Receive Charcoal For Christmas […]
Total crypto market cap jumped 45% in November, in the best monthly return to-date, the report said.
Bitcoin has experienced a whirlwind of volatility following its recent all-time high of $93,483 set on Wednesday. Over the past few days, the price has oscillated between this record level and a low of $85,100, indicating the potential onset of a consolidation phase before the next major move. Traders and investors are now closely monitoring whether BTC will stabilize or continue its upward trajectory. Related Reading: Solana ‘God Candle Is Close’ As It Breaks From Crucial Resistance – Top Analyst Key data from CryptoQuant suggests that selling pressure may increase quickly, primarily driven by speculative traders looking to lock in quick profits. However, this doesn’t necessarily spell trouble for Bitcoin’s bullish momentum. Analysts predict that much of the selling pressure will be absorbed by the growing demand for Bitcoin ETFs, which have gained significant traction among institutional investors. This balance between short-term selling and institutional accumulation could set the stage for Bitcoin’s next move. With volatility expected to persist in the coming days, market participants are eagerly watching for signals that might indicate the direction of BTC’s price action. Whether this phase leads to a deeper correction or propels Bitcoin toward new highs, one thing is clear—Bitcoin continues to dominate the financial landscape with its dynamic performance. Bitcoin Strong Demand Supports Bullish Price Action Bitcoin’s price action has been impressive, surging by 38% over the past ten days. This rapid rise has caught the attention of many investors, reaffirming the growing strength of Bitcoin’s demand. Key data from CryptoQuant analyst Axel Adler offers insight into the current market dynamics, highlighting that Bitcoin is trading above its short-term holder (STH) cost basis of $69,000. This level represents a crucial support threshold for those who acquired Bitcoin in the past few months, indicating solid demand above this price. Additionally, the MVRV (Market Value to Realized Value) ratio stands at 1.3, suggesting that Bitcoin is still profitable. However, Adler notes that if this ratio crosses the 1.35 mark, it could trigger selling pressure from short-term speculators looking to lock in profits. While this may prompt some market volatility, it’s important to note that most of these coins are expected to be absorbed by growing institutional demand, particularly through Bitcoin exchange-traded funds (ETFs). Related Reading: Cardano Skyrockets Over 40% – Funding Rate Suggests Further Upside This data points to a significant shift in Bitcoin’s rally—rather than being fueled by speculative futures trades, the recent surge appears to be driven by strong spot demand. Spot demand typically reflects a more sustainable, stable price move than the volatility often seen in futures-driven rallies. As Bitcoin continues to trade above key support levels, the outlook remains bullish, driven by a healthy balance between speculative trading and long-term institutional interest. BTC Technical View: Prices To Watch Bitcoin is trading at $89,240, reflecting a 7% retrace from its recent all-time high of $93,483. The price has consolidated below this level following a period of aggressive upward momentum that propelled it into price discovery territory. This pause in the rally allows the market to stabilize and test key support levels before determining its next move. During this consolidation, the $85,000 mark has emerged as a crucial support level. If Bitcoin can hold above this level in the coming days, it may provide the foundation for another surge, potentially challenging the $90,000 resistance and retesting its all-time high. A successful reclaim of $90,000 would signal renewed bullish momentum, paving the way for further price expansion. Related Reading: Ethereum Analyst Sees Altseason Potential As BTS Is Still Outpacing ETH – Time To Buy Altcoins? However, failure to maintain the $85,000 support could lead to a deeper correction. In this scenario, Bitcoin would likely seek lower-level demand, with $82,000 emerging as a significant area of interest for buyers. As the market navigates this critical phase, traders and investors will closely watch price action for signals of either a breakout or a pullback, with both scenarios carrying implications for Bitcoin’s short-term trajectory. Featured image from Dall-E, chart from TradingView
As traditional investment products face declining yields, savvy asset managers must consider emerging opportunities within the cryptocurrency space to meet growing client demand.
The consistent inflows into Bitcoin spot ETFs signal a robust and growing demand for regulated Bitcoin investment vehicles.
Ethereum exchange-traded funds (ETF) have been the talk of the town – and rightly so – after the United States Securities and Exchange Commission (SEC) approved the listing of the investment products during the week. Meanwhile, the Bitcoin spot ETF market continued its resurgence on one side, marked by a second consecutive week of positive inflows. This streak of positive inflows represents a complete shift from previous weeks when investment activity was dangerously low. However, this recent turnaround reflects a rise in investor confidence over the past two weeks. Bitcoin Spot ETF: $252 Million In Net Inflows In One Day On Friday, May 24, the US Bitcoin spot ETF market saw another day of positive inflows, marking the 10th consecutive day of significant investment into these funds. According to data from SoSoValue, the market recorded a total net inflow of approximately $252 million to close the week. Related Reading: Lido (LDO) Takes The Lead With 13% Surge Post Ethereum ETF Approval – Key Levels To Watch Breaking this down, BlackRock amassed a substantial percentage of the total daily investment, with the IBIT ETF posting an inflow of $182 million. Grayscale Bitcoin Trust (GBTC), on the other hand, did not attract any capital on Friday, ending the week with zero daily outflows and inflow. Other ETF issuers, such as Fidelity, Bitwise, and ARK Investment, also witnessed impressive inflows on Friday. Most notably, Fidelity’s FBTC came second to BlackRock’s fund after attracting about $43.7 million on the last day of the week. More importantly, this positive inflow day means that the Bitcoin spot ETF market has amassed significant investment every day for the second week in a row. And after the close of Friday’s trading session, the net inflow in the past week stood at an impressive $1.06 billion. This sustained positive trend in terms of capital inflow suggests that investor confidence in Bitcoin ETFs might be back at an all-time high. The last time there was a consistent positive capital inflow into these products, the Bitcoin price rose to a new all-time high. With Ethereum spot ETFs on the brink of trading in the US, crypto exchange-trade products seem to be in fashion at the moment. And they might just be the catalyst that the crypto market – particularly Bitcoin – needs to resume what is left of the bull cycle. Bitcoin Price At A Glance As of this writing, Bitcoin is valued at $68,868, reflecting a 2.5% price increase in the last 24 hours. According to data from CoinGecko, the premier cryptocurrency is up by 3% on the weekly timeframe. Related Reading: Bitcoin Bulls Gain Breathing Room As Long-Term Holder Activity Eases – Glassnode Featured image from iStock, chart from TradingView