Grayscale Mini Sees $11.7M BTC Inflow Amid Fading Momentum
Grayscale Mini, an investment vehicle tied to Bitcoin (BTC), recorded a significant inflow of $11.7 million in its latest daily flow report from Farside Investors.
The price action for BTC currently sits at $80,249.85 within the confines of Bollinger Bands, with upper resistance at $80,534.5 and lower support at $77,850.26.
The bullish structure is maintained as the price remains above both the EMA50 (Exponential Moving Average 50) support level of $76,259.52 and the EMA200 at $69,298.87. However, a MACD death cross at 883.59 indicates fading momentum, while the RSI (Relative Strength Index) sits at 64.27, indicating neutrality in the market.
Traders often pair these levels with BTC price prediction models to gauge institutional adoption before the next leg higher.