• bitcoinBitcoin (BTC) $ 105,123.00
  • ethereumEthereum (ETH) $ 3,547.48
  • tetherTether (USDT) $ 0.999890
  • xrpXRP (XRP) $ 2.44
  • bnbBNB (BNB) $ 971.94
  • usd-coinUSDC (USDC) $ 0.999747
  • staked-etherLido Staked Ether (STETH) $ 3,545.42
  • tronTRON (TRX) $ 0.299912
  • dogecoinDogecoin (DOGE) $ 0.176298
  • cardanoCardano (ADA) $ 0.572450

Bitcoin ETFs snap six-day outflow streak with $240M inflows

Spot Bitcoin ETFs saw $240 million in inflows after six straight days of outflows, signaling a renewed wave of institutional demand for BTC.

🔗 Source

💡 DMK Insight

Bitcoin’s recent $240 million inflow into spot ETFs is a game changer for traders. After a week of outflows, this surge indicates a shift in institutional sentiment, which could drive BTC’s price momentum in the short term. With Bitcoin currently at $101,969.00, traders should watch for potential resistance around the $105,000 mark, where profit-taking might occur. If BTC breaks through this level, we could see a rapid ascent, attracting more retail interest and pushing the price higher. Conversely, if this inflow is short-lived and we see a reversal, it could lead to a significant pullback, especially if BTC tests support levels around $95,000. The real story here is the potential ripple effect on related assets, like Ethereum and altcoins, which often follow Bitcoin’s lead. Keep an eye on trading volumes and sentiment indicators to gauge whether this institutional interest is sustainable or just a blip. The next few days will be crucial for confirming whether this inflow marks a trend reversal or a temporary spike.

📮 Takeaway

Watch for Bitcoin to test the $105,000 resistance level; a breakout could signal further upside, while a drop below $95,000 may indicate a pullback.

Leave a Reply

Navigating Success Together

Place your Ad

Trending News

  • All Posts
  • Community
  • Crypto Markets
  • DeFi & Web3
  • DMK AI Summary
  • DMK Editorials
  • DMK Press Release
  • Forex News
  • NFT & Metaverse
  • Regulation & Security
  • Tech & Innovation
  • Top News

News Categories