š This upswing is no longer just short-covering
$BTC is currently around $77,300; over the past week it has risen by about 21%. $ETH is around $2,448. More importantly, last week U.S. spot BTC and ETH ETF combined saw net inflows of about $2.6 billionāof which BTC was about $1.9 billion and ETH about $697 millionāmarking the strongest week since last October.
My take: institutional capital returning has made this rebound more solid, but we still canāt directly define it as the start of a new bull marketāthis year the two types of ETFs are still cumulatively net outflows of about $3.1 billion, and market sentiment has already quickly shifted into the āgreedā zone.
For the short term, focus on whether BTC can hold the $76,000ā$77,000 range; if it falls back below $75,000, be on guard for a pullback after the short squeeze ends. If ETH can stabilize and stay above $2,450, capital is more likely to keep spreading into other major coins.
For market observation only; not investment advice.
#BTC #ETH
$BTC is currently around $77,300; over the past week it has risen by about 21%. $ETH is around $2,448. More importantly, last week U.S. spot BTC and ETH ETF combined saw net inflows of about $2.6 billionāof which BTC was about $1.9 billion and ETH about $697 millionāmarking the strongest week since last October.
My take: institutional capital returning has made this rebound more solid, but we still canāt directly define it as the start of a new bull marketāthis year the two types of ETFs are still cumulatively net outflows of about $3.1 billion, and market sentiment has already quickly shifted into the āgreedā zone.
For the short term, focus on whether BTC can hold the $76,000ā$77,000 range; if it falls back below $75,000, be on guard for a pullback after the short squeeze ends. If ETH can stabilize and stay above $2,450, capital is more likely to keep spreading into other major coins.
For market observation only; not investment advice.
#BTC #ETH
