$BTC 🟢 BULLISH
Per Decrypt, bitcoin exchange-traded funds attracted 134 million in inflows as the month of october got off to a positive start.
Bitcoin ETFs attracting 134 million in inflows on the first day of October signals renewed institutional demand entering the spot market through regulated vehicles. With BTC trading near 85,343 and RSI at 66 on the 1H chart, this buying pressure from ETF providers occurs against a backdrop of below-average volume (0.42× normal), meaning the same dollar inflows may have a more pronounced effect on order books than during high-volume periods.
Market: 85343, +0.62% over the past day, 1H RSI 66.
Chasing green candles rarely ends well. Or does it this time?
📊 #Altcoins #Crypto $STRK $MUBARAK
Per Decrypt, bitcoin exchange-traded funds attracted 134 million in inflows as the month of october got off to a positive start.
Bitcoin ETFs attracting 134 million in inflows on the first day of October signals renewed institutional demand entering the spot market through regulated vehicles. With BTC trading near 85,343 and RSI at 66 on the 1H chart, this buying pressure from ETF providers occurs against a backdrop of below-average volume (0.42× normal), meaning the same dollar inflows may have a more pronounced effect on order books than during high-volume periods.
Market: 85343, +0.62% over the past day, 1H RSI 66.
Chasing green candles rarely ends well. Or does it this time?
📊 #Altcoins #Crypto $STRK $MUBARAK