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

💡 DMK Insight

Bitcoin’s recent $240 million inflow into spot ETFs is a game changer for traders right now. After six days of outflows, this sudden shift indicates a resurgence in institutional interest, which could signal a bullish trend for BTC. With Bitcoin currently priced at $102,508, the market is at a critical juncture. If this momentum continues, we could see a test of resistance levels around $105,000. Traders should keep an eye on the daily volume and sentiment indicators, as they can provide insights into whether this inflow is sustainable or just a temporary blip. But here’s the flip side: if the inflows reverse again, it could lead to a quick sell-off, especially if retail traders get spooked. Monitoring the ETF inflow trends over the next few days will be crucial to gauge the market’s direction. Look for any significant changes in trading volume or sentiment as potential signals for your next moves.