Grayscale Mini BTC Sees $6.8M Inflows Amid Bullish Trend
Grayscale Mini (BTC) has seen significant inflows in recent days, with $6.8 million flowing into the fund in the latest daily Bitcoin ETF flow data released by Farside Investors.
The price of Bitcoin currently trades within its Bollinger Bands, with an upper resistance at $64,987.36 and lower support at $63,501.18. The 50-EMA at $64,034.14 and 200-EMA at $63,647.74 continue to anchor the bullish trend structure.
However, the Relative Strength Index (RSI) at 51.22 remains neutral, while the MACD death cross at 246.58 signals fading momentum. As a result, analysts are predicting a healthy retracement to the 50-EMA support at $64,034.14 before further continuation.
This flow data is crucial in informing Bitcoin price prediction models and crypto market crash risk assessments for institutional desks.