The full data is in: According to SoSoValue, U.S. spot Bitcoin ETFs saw about $412 million in net outflows on Friday—IBIT alone shed around $403 million, while Fidelity’s FBTC actually saw about $43 million in net inflows. Almost as heavy as Thursday’s $430 million outflow. That’s two straight days of withdrawals—slightly bearish.
But spot prices over the weekend seem to have barely noticed. $BTC is currently around $76,034, up a modest 0.5% over 24 hours, and just grinding within the narrow $75,800–$76,200 range. Hourly volume is only a fraction of what it was around the nonfarm payrolls release, and buy orders near the current price are a little thicker than sell orders. $74,900 is the floor that just formed below, while $76,300–$76,400 is still overhead resistance.
$ETH is around $2,248, after touching an intraday high of $2,254 and pulling back; the $2,210 cushion is still holding. $BNB is around $695, with solid support at $686–$690, while $700 remains the short-term ceiling.
Institutions were still making big redemptions on Friday, but spot prices just won’t follow them down. Do you think the market is holding up, or is weekend liquidity too thin for the real reaction to show until Monday?
But spot prices over the weekend seem to have barely noticed. $BTC is currently around $76,034, up a modest 0.5% over 24 hours, and just grinding within the narrow $75,800–$76,200 range. Hourly volume is only a fraction of what it was around the nonfarm payrolls release, and buy orders near the current price are a little thicker than sell orders. $74,900 is the floor that just formed below, while $76,300–$76,400 is still overhead resistance.
$ETH is around $2,248, after touching an intraday high of $2,254 and pulling back; the $2,210 cushion is still holding. $BNB is around $695, with solid support at $686–$690, while $700 remains the short-term ceiling.
Institutions were still making big redemptions on Friday, but spot prices just won’t follow them down. Do you think the market is holding up, or is weekend liquidity too thin for the real reaction to show until Monday?