#BTC
#ETH
Bitcoin's recent rebound above $67K is drawing institutional attention and record long-term holding metrics, despite ongoing volatility from macroeconomic events. With spot demand showing signs of weakness, the short-term trend remains a battleground between key support at $65K and resistance near $70K. [1, 2, 3, 4, 5]
The Battle for $70K: Will Spot Demand Catch Up?
Recent on-chain data from Binance Square suggests a cautious market. While U.S. spot ETFs saw weekly net inflows of $161.3 million, overall weekly spot trading volumes fell by 21.5%. This divergence indicates that while institutional buyers are active, everyday retail spot buying remains relatively subdued. [1, 2]
#ETH
Bitcoin's recent rebound above $67K is drawing institutional attention and record long-term holding metrics, despite ongoing volatility from macroeconomic events. With spot demand showing signs of weakness, the short-term trend remains a battleground between key support at $65K and resistance near $70K. [1, 2, 3, 4, 5]
The Battle for $70K: Will Spot Demand Catch Up?
Recent on-chain data from Binance Square suggests a cautious market. While U.S. spot ETFs saw weekly net inflows of $161.3 million, overall weekly spot trading volumes fell by 21.5%. This divergence indicates that while institutional buyers are active, everyday retail spot buying remains relatively subdued. [1, 2]