Crypto
Bitcoin and Ethereum Sidestep Key Technical Levels Amid Whale Accumulation
Bitcoin and Ethereum are trading in a tight range near key technical levels as market participants wait for a potential breakout or further correction.
The recent price action comes after U.S. spot Bitcoin ETFs recorded $102.7 million in net inflows on October 1, led by BlackRock's IBIT with $195.6 million.
In contrast, Ethereum ETFs saw $55 million in outflows during the same period.
The market has also witnessed a significant accumulation of BTC by whales over the past 30 days, with around 75,000 units changing hands.