• bitcoinBitcoin (BTC) $ 101,559.00
  • ethereumEthereum (ETH) $ 3,402.29
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.34
  • bnbBNB (BNB) $ 943.52
  • solanaWrapped SOL (SOL) $ 153.61
  • usd-coinUSDC (USDC) $ 0.999860
  • staked-etherLido Staked Ether (STETH) $ 3,404.75
  • tronTRON (TRX) $ 0.295484
  • dogecoinDogecoin (DOGE) $ 0.169770

From outflows to inflows: Bitcoin ETPs rally amid surprising economic update

Bitcoin, which had been the main driver of crypto ETP outflows a week earlier, almost fully recovered its losses with $931 million in inflows last week.

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💡 DMK Insight

Bitcoin’s swift recovery with $931 million in inflows shows strong market resilience. This rebound is significant for traders, especially those who had been cautious after the recent outflows. A surge like this often indicates renewed confidence, potentially setting the stage for bullish momentum. Traders should keep an eye on key resistance levels that could emerge as Bitcoin tests previous highs. If this inflow trend continues, it might not only support Bitcoin but also positively impact altcoins, as capital often flows into the broader market following Bitcoin’s lead. However, it’s worth noting that this could be a classic case of ‘buy the dip’ sentiment, and traders should remain vigilant for any signs of profit-taking or market corrections. Watch for Bitcoin’s performance over the next few days; a sustained push above recent highs could trigger further institutional interest and drive prices higher. Conversely, any significant pullback could signal a shift in sentiment, so keep an eye on the $30,000 mark as a critical psychological level.

📮 Takeaway

Monitor Bitcoin’s price action around $30,000; sustained inflows could signal a bullish trend, while a pullback may indicate profit-taking.

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