Crypto
Bitcoin ETF Flows Post Net Inflow of $101.1 Million Amid Shifting Market Trends
On September 2nd, Bitcoin ETF flows saw a total net inflow of $101.1 million. This influx was led by IBIT, which brought in $115.4 million and MSBT with $7.3 million. However, GBTC recorded an outflow of $56.2 million.
The current price of BTC is $77,785.45, sitting within the Bollinger bands with upper resistance at $79,127.29 and lower support at $76,617.66. The 50-EMA at $77,523.39 acts as immediate support, while the 200-EMA at $72,030.9 anchors the broader bullish structure.
The neutral RSI of 49.3 alongside the MACD death cross points to a healthy retracement towards the 50-EMA before any potential continuation in BTC price prediction scenarios amid shifting crypto market trends and Bitcoin ETF inflows data.