Crypto
Bitcoin ETFs Reverse Outflows, Attract $101M in New Money
Bitcoin ETFs witnessed significant inflows of $101.1M on September 2, marking a reversal from the previous day's outflow of $236.5M.
The influx was led by IBIT, which added $115.4M to its holdings, while GBTC shed $56.2M in the same period.
As for Bitcoin (BTC) itself, it continues to trade above the EMA50 at $77569.0, with a bullish structure intact.
The MACD golden cross reinforces momentum, but the neutral RSI reading of 56.0 suggests caution.
With price testing the upper Bollinger band at $79047.38, a likely retracement towards the EMA200 support at $72150.96 is anticipated before the next leg higher.