Bitcoin ETF Sees $101.7M Net Inflow on August 7 Amid Bullish Momentum

The Bitcoin ETF saw a significant influx of funds on August 7, with a net inflow of $101.7 million recorded. This was led by IBIT, which brought in $86.7 million, and FBTC, which contributed $41 million to the total.

Meanwhile, BTCO experienced an outflow of $19.4 million. The current price of Bitcoin is $65,025.76, and it remains within its Bollinger band, with a upper resistance level at $65,254.39.

The technical analysis suggests that the bullish EMA50 support at $64,256.65 and EMA200 at $63,682.5 remain intact, while the MACD golden cross momentum holds strong at 289.97. The Relative Strength Index (RSI) sits neutral at 62.6, indicating a likely test of the 50-EMA before further continuation.