Bitcoin, ETH ETFs see $1.7B outflow, but whale buying softens price impact

💡 DMK Insight

Whale accumulation amidst ETF outflows signals a potential shift in market dynamics. With $1.7 billion exiting Bitcoin and Ether ETFs, it’s easy to feel bearish. But look closer: whales are still buying, which often precedes price rebounds. This accumulation could indicate that larger players see value at current levels, especially with ETH at $3,583.74 and LTC at $102.87. If altcoins continue to see inflows, we might witness a decoupling from Bitcoin and Ethereum, leading to a broader market recovery. Keep an eye on the correlation between whale activity and price movements; historically, significant accumulation has led to upward price trends. However, there’s a flip side. If the ETF outflows persist, it could signal a longer-term bearish trend, especially if retail sentiment shifts negatively. Watch for ETH to hold above $3,500 as a critical support level; a drop below could trigger further selling pressure. Altcoins may provide opportunities, but be cautious of volatility as the market reacts to these ETF dynamics.