Crypto
Bitcoin and Ethereum Traders Hold Breath as Key Levels Loom
Bitcoin and Ethereum are currently trading in a state of limbo near key technical levels. Traders are watching for a potential breakout or further pullback as they await upcoming macroeconomic data.
A recent development has seen U.S. spot Bitcoin ETFs record $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.
Meanwhile, a group of whales accumulated around 75,000 BTC over the past 30 days, even as market dip triggered approximately $250 million in long liquidations. This suggests that despite some volatility, there is still significant interest and investment in the cryptocurrency market.