Crypto
Bitcoin ETFs Swell to Record Single-Day Inflow
A significant inflow of funds into Bitcoin ETFs has been reported for last Thursday. According to recent data, $643M was absorbed by these financial instruments, marking the largest single-day inflow since January.
This comes after a strong monthly performance from Bitcoin ETFs, which have seen their biggest growth so far this year.
On the 4-hour chart of BTC, it is currently trading at $78,413.09 within a bearish structure below its EMA50 level at $78,981.02 while holding above the EMA200 level at $73,833.2. The MACD death cross indicates continued downside pressure, and the neutral RSI reading of 39.42 leaves room for further price movement before reaching oversold conditions.