The post Bitcoin ETF ‘Storm Has Passed’ as $2.7B Outflow Streak Ends: Swissblock appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) institutional demand is “not yet strong” despite positive inflows to the US spot Bitcoin exchange-traded funds (ETFs). Key points: Bitcoin ETF flows reverse a ten-day losing streak, but analysis warns that demand remains weak. An “overwhelming” sell-off is nonetheless over, says Swissblock. Overall BTC demand shows a clear gap between spot and derivatives trends. Swissblock on Bitcoin ETF outflows: “The storm has passed” In new X commentary on Thursday, crypto investment company Swissblock called an end to the “most overwhelming” ETF sell-off in history. “The storm has passed: The most overwhelming ETF distribution wave of this bear market has ended,” it wrote. “As Bitcoin Risk continues easing from Capitulation Risk, Spot ETF flows have turned slightly positive again.” Beginning June 17, the ETFs saw ten straight days of net outflows totaling $2.7 billio
Bitcoin ETF flows are back in the spotlight because they give the market one of its cleanest daily reads on institutional demand. After weeks of supply-side anxiety around government wallets and legacy distributions, fre
The post Bitcoin Slips to $62K, Paring Its Rebound From the $57,700 Low appeared on BitcoinEthereumNews.com.
Bitcoin News Bitcoin (BTC) slipped to around $62,000 on Tuesday, surrendering part of a rebound that had lifted it to $64,000 from last week’s bear-market low of $57,700. The pullback still leaves the largest cryptocurrency roughly 11% above that bottom and holding above the $60,000 level many desks treat as near-term support. Trading volume stayed elevated as the move unwound, but the retreat cooled a recovery that had gathered pace over prior sessions. Our reading of the flow is that the drop trimmed gains without breaking the structure of the bounce, leaving Bitcoin in a fragile recovery rather than a confirmed trend reversal off its cycle low. The recovery remains capped by weak internals. An on-chain composite score that aggregates market, on-chain and valuation conditions on a 0-to-100 scale sits at just 20, deep inside the bearish zone at or below 40 and far short of the
The post Bitcoin Slips Below $62K as US-Iran Ceasefire Collapse Rattles Markets appeared on BitcoinEthereumNews.com.
Bitcoin News Bitcoin (BTC) slid below $62,000 after the US-Iran ceasefire collapsed, pulling the largest cryptocurrency down roughly 2.5% on the day. Sellers returned to Bitcoin once President Donald Trump declared the truce with Tehran was, in his words, over, during a press conference at the NATO summit in Ankara. The asset had traded above $64,000 only hours earlier before the risk-off wave took hold. Traders trimmed exposure across risk assets as geopolitical uncertainty resurfaced, and market watchers flagged a daily close under $62,000 as the trigger that would open the door toward the $60,000 zone. For a primer, see Bitcoin. The escalation reverberated fastest through energy markets. US WTI crude oil pushed past $75 per barrel, its highest level since June 22, after having traded under $67.50 on hopes that regional tensions would cool. Those hopes reversed sharply
The post Crypto’s Relief Rally: Here’s What’s Behind ETH and BTC’s Green Week appeared on BitcoinEthereumNews.com.
Key highlights: ETH and BTC performed better than stocks and gold last week Whale wallets bought over 270,000 BTC near the $60,000-$70,000 range Bitcoin ETF outflow streak was also broken with a $221 million inflow Crypto had its best week in months. Bitcoin rose 6.75%, and Ethereum rose 13.54%, easily beating stocks and gold. A new report from crypto trading firm Wintermute breaks down what drove the surge and why some caution is still needed. Wintermute: Weak jobs data and a dovish Fed sparked the rally The rally started with weak U.S. jobs numbers. Only 57,000 jobs were added last week, far below the expected 110,000. It was the weakest report in four months. Unemployment also fell to 4.2%. This weak data reduced the chances that an interest rate hike would happen this year. There were fears that the Federal Reserve was looking into hiking rates sometime this year. Fed
Bitcoin’s supply headlines have been loud, but ETF flow data is giving bulls something to point to. Farside’s numbers show a $143 million net inflow day for US spot Bitcoin ETFs, suggesting institutional buyers are still
Bitcoin’s supply headlines have been loud, but ETF flow data is giving bulls something to point to. Farside’s numbers show a $143 million net inflow day for US spot Bitcoin ETFs, suggesting institutional buyers are still
