Bitcoin ETF Inflows Surge to $102M as Ethereum Sees Heavy Outflows
Bitcoin ETFs have seen significant inflows over the past day and week, according to data from Lookonchain. The funds recorded a net inflow of +1,600 BTC (+$102.33M) over the last 24 hours and +1,241 BTC (+$79.36M) over the past seven days.
In contrast, Ethereum ETFs experienced outflows, with a net loss of -6,558 ETH (-$12.27M) in the past day and -16,270 ETH (-$30.44M) over the week.
The price action for Bitcoin is currently bullish, sitting above the EMA50 support at $63726.29 and EMA200 at $63673.82. The MACD at 56.41 confirms the golden cross, indicating a potential upward trend.
As Bitcoin tests the upper Bollinger resistance near $64261.08 with an RSI of 56.93, analysts are predicting a measured retracement toward the 50-EMA before continuation.