Bitcoin ETFs Flooded with $1.26B in One Day Amid Divergent Ethereum Flows

Bitcoin Exchange-Traded Funds (ETFs) experienced a significant influx of capital on September 22, according to data from @lookonchain. The net inflow for the day reached an impressive $1.26 billion, equivalent to 14,613 BTC.

This surge in investment brings the seven-day total to +$712.62 million (8,277 BTC), highlighting a trend that has been observed over the past year in Bitcoin ETFs' historical net flows.

However, Ethereum ETFs showed a divergent picture. While they recorded a one-day inflow of 68,434 ETH ($187.93M) on September 22, this was followed by seven-day net outflows of 32,923 ETH ($90.41M).

The Bitcoin price remains within its Bollinger bands, with the upper resistance at $87,910.72 and lower support at $78,116.77. The 50-EMA is situated at $80,975.0, while the 200-EMA stands at $76,335.01.

The Moving Average Convergence Divergence (MACD) remains bullish, but the Relative Strength Index (RSI) is flashing overbought at 75.49, suggesting a potential pullback to the 50-EMA before further price appreciation.