1. Why are Bitcoin ETF inflows important for the market?
Bitcoin ETF inflows are considered a key indicator of institutional demand. Rising inflows generally signal growing confidence among large investors, while sustained outflows may reflect weakening sentiment or increased profit booking.
2. How much money flowed into US spot Bitcoin ETFs recently?
According to SoSoValue, US spot Bitcoin ETFs recorded $32.1 million in net inflows on Wednesday, followed by another $49.74 million on Thursday. The two-day recovery ended a four-session outflow streak totaling more than $500 million.
3. What do the technical indicators suggest for Bitcoin?
Bitcoin remains below both its 50-day EMA ($64,921) and 200-day EMA ($73,492), indicating a cautious short-term outlook. Meanwhile, the MACD has slipped below its signal line, while the RSI near 50 reflects neutral momentum.
4. How are Ethereum and other crypto ETFs performing?
Ethereum ETFs have attracted approximately $340 million in July, outperforming Bitcoin ETFs during the month. XRP and Solana ETFs have also continued recording positive inflows, although the totals remain relatively modest.
5. What price levels should Bitcoin traders watch next?
The immediate resistance is near the 50-day EMA at $64,921, followed by the June 3 high around $67,516. A sustained move above these levels could strengthen bullish momentum, while failure to reclaim them may keep Bitcoin trading within its current range.