#altcoins 3 Altcoins That Could Reach All-Time Highs This Weekend
Selected altcoins — WhiteBIT Coin (WBT), Hyperliquid (HYPE), and Venice Token (VVV) — all set new all-time highs (ATH) between September 21 and 23. Each now trades between 4% and 12% below those peaks heading into the weekend.
WBT and HYPE return to the list after breaking their earlier records. However, bearish RSI divergence on all three charts suggests the next leg higher may not come easily. WBT Sits 4.7% Below Its Record WBT broke out above the 0.618 Fibonacci retracement at $62.48 in late August. It then climbed to its previous peak near $75.
From September 7, the token extended its rally inside an ascending parallel channel. Price reached the first target at the 1.272 Fibonacci extension near $84 and set a new record at $87.99. HYPE Needs 6.1% for a New Peak
HYPE has already reached its first target at the 1.272 Fibonacci extension of $92.37. The next target sits at the 1.618 extension near $111.93, about 21% higher.
However, the chart shows a strong bearish divergence. RSI peaked at 82 on August 23, when HYPE traded near $82.50. Price has since climbed above $92, while RSI has dropped to 63. VVV Faces the Longest Climb to a Record
VVV needs an 11.7% rally to reclaim its $34.61 record. RSI stands at 68, which keeps the bullish structure intact.
The first target sits at the 1.272 Fibonacci extension of $36.76, around 19% above the current price. A move there would also mean a new ATH. The next target lies at the 1.618 extension near $46.26. #Write2Earn #VVV #WBT #hype $HYPE $VVV $WBTC
#BTC Only hedge funds, retail sold’ — Will BTC sustain rally as Bitcoin ETF flows turn positive?
U.S Spot Bitcoin ETFs have been on a winning streak for the past five days, effectively hauling in $2.65B in net inflows.
The strong demand has flipped the ETF positive on a year-to-date (YTD) basis and lifted $BTC ’s price to an eight-month high of $87K. However, the bullish momentum is still facing renewed bond market pressure and a potential Fed rate hike in October.
Can Bitcoin ETF demand survive macro pressure? This week’s massive Spot $BTC ETF demand turned YTD flows positive with $349M, according to Galaxy Research data.
On Monday alone, the ETF complex attracted $1B in daily inflows. On Tuesday, they hauled in another $714M, with these figures dropping slightly on Wednesday to $346M. Overall, the ETF complex pulled in $2.65B. Out of the $2.65B demand seen over the past five days, BlackRock drove half of the ETF flows.
In fact, even Bloomberg analyst James Seyffart noted that the recent traction could soon help the cumulative flows (aggregate demand since inception) turn positive too.
Since last October, the cumulative flows had dipped by $12B (77.8K $BTC ). However, the rebound has now erased it by half. The cumulative flows, or total $BTC held by the ETF complex, were only down by 5.7% at press time.
Here, it’s worth pointing out that Seyffart added that the outflows were mainly driven by hedge funds and retail.
By far, the biggest sellers of the ETFs over the last ~year were hedge funds and retail traders/investors.
The cumulative flows stood at $55B, despite the crypto winter. However, the institutional resilience and remarkable btc ETF demand are being tested again by the bond market crisis and fears of another Fed rate hike.
The bond yield jumped again to 5.1%, and oil prices also ticked slightly higher, reinforcing new inflation fears.#Write2Earn $BTC