Spot ETF flows: Net outflows have continued for several days, indicating that institutional selling pressure has yet to ease. With average outflows of about $136 million over five days, prices are likely to chop around the bottom of the range. We’ll need to see a shift to net inflows for the day, followed by two consecutive positive days, before we can say that capital flows have truly turned around.
BTC is currently at 84022, up 1.2% over the past 24 hours, and is in a recovery window following the end of outflows. Relative to the current price, 84000 is the confirmation level for a return of inflows. Holding above it points to 86500; breaking below it could lead to a retest of 81500. #BTC
BTC is currently at 84022, up 1.2% over the past 24 hours, and is in a recovery window following the end of outflows. Relative to the current price, 84000 is the confirmation level for a return of inflows. Holding above it points to 86500; breaking below it could lead to a retest of 81500. #BTC