Yesterday, U.S. spot Bitcoin ETFs saw a net inflow of $102.7 million, while Ethereum saw a net outflow of $55.4 million. So it seems like all the money is running to Bitcoin, and ETH has turned into a cash machine.
BTC is now around 85,500, up more than 2 points. Trading volume is 12.8 billion, and the Fear & Greed Index is 72—still Greed. Ethereum, on the other hand, is a bit weak: around 2,720 and it’s only up less than 1 point, and the capital clearly isn’t interested in it.
In this round, I’m slightly bullish on Bitcoin. Ongoing net inflows into ETFs are the toughest logic: yesterday again saw $100 million enter, the price held above 85,000, and the structure hasn’t broken. For Ethereum in the near term, I don’t want to touch it—capital is flowing out. Chasing at the 2,720 level has a very low cost-effectiveness.
If it were me, I’d keep buying if BTC pulls back to around 84,000, with an initial target of 88,000. I’ll set ETH aside for now and wait until it can reverse the capital flows on its own.
SOL is worth keeping an eye on, though—around 121, up more than 2 points, much stronger than ETH. Trading volume is also 1.9 billion.
When there’s a pullback, I’ll keep buying BTC—this move isn’t over yet.
BTC is now around 85,500, up more than 2 points. Trading volume is 12.8 billion, and the Fear & Greed Index is 72—still Greed. Ethereum, on the other hand, is a bit weak: around 2,720 and it’s only up less than 1 point, and the capital clearly isn’t interested in it.
In this round, I’m slightly bullish on Bitcoin. Ongoing net inflows into ETFs are the toughest logic: yesterday again saw $100 million enter, the price held above 85,000, and the structure hasn’t broken. For Ethereum in the near term, I don’t want to touch it—capital is flowing out. Chasing at the 2,720 level has a very low cost-effectiveness.
If it were me, I’d keep buying if BTC pulls back to around 84,000, with an initial target of 88,000. I’ll set ETH aside for now and wait until it can reverse the capital flows on its own.
SOL is worth keeping an eye on, though—around 121, up more than 2 points, much stronger than ETH. Trading volume is also 1.9 billion.
When there’s a pullback, I’ll keep buying BTC—this move isn’t over yet.
