$ENA long watch: 0.142 is the line buyers have to defend on the 4H
The zone is 0.1418–0.1423. I want to see it hold and close back above. Lose 0.139 and the idea is done.
- Stop 2.3% away, TP3 3.6% away, so about 1.6R if it gets there - 1H RSI at 31, reset, not stretched - Price 0.142 sits below the 4H EMA50 at 0.159, so I keep the stop where it is
This outflow shows a lot of uncertainty in the market. Be cautious.
Bitcoin ETFs lose $300 million during broader crypto sell-off
On Wednesday, U.S. Spot bitcoin ETFs experienced a big drop, losing around $300 million. The bulk of this amount, nearly $270 million, was attributed to withdrawals from BlackRock's IBIT. Grayscale's GBTC also faced a loss of about $39 million, while Morgan Stanley's MSBT was the sole fund to see positive inflows, gaining approximately $9 million.
The outflows didn't stop with bitcoin. Ether ETFs lost about $145 million, alongside losses in other funds including nearly $15 million from ZEC and about $6 million from SOL funds. Around $465 million left U.S. Spot crypto ETFs in just one day, indicating a widespread sell-off.
This situation adds pressure to investors who are already feeling the heat, as Bitcoin's recent trading price of around $75,000 is a lot below the estimated average of $81,500 that buyers paid last month. The cumulative net inflows into U.S. Spot bitcoin ETFs still stand at about $55 billion since their launch in January 2024, but the recent withdrawals show the current market sentiment and potential challenges ahead for traders.
Who's looking at a $RUNE short here, 0.5966–0.5976?
Me, yes. Not chasing it though, the level has to hold.
SHORT 0.5966–0.5976 TP 0.5938 / 0.5915 / 0.5882 SL 0.6027
Price 0.597 sits below the 4H EMA50 (0.598), trend structure still favors sellers. Stop 0.94% away, TP3 1.5% away: about 1.6R if the full move plays out. BTC short-term trend bearish · BTC helps here.
I'm leaning long, with the stop at 0.146 and no wiggle room.
Price 0.149 sits below the 4H EMA50 (0.163), counter-trend, so I keep the stop where it is. Stop 2.1% away, TP3 3.4% away: 1.6R if TP3 gets there. 1H RSI at 30, cooled off, room to run.
$AAVE short setup at the line that decides the next move.
117 caps it, 115 and 114 are next. 119 gets reclaimed, I'm out. I want to see the reaction before anything else.
Why here: - 4H at 117, below the EMA50 at 127 · trend structure still favors sellers - Risk 1.5% to SL vs 2.4% to TP3, roughly 1.6R to the last target - 1H RSI at 26, already oversold, not a drop to chase