Bitcoin and Ethereum ETFs Suffer $755 Million Loss, Yet Technical Analysis Offers Optimism for Bulls

Bitcoin and Ethereum ETF Outflows: Bitcoin and Ethereum ETFs experienced significant outflows totaling $755 million, with Bitcoin seeing $326 million and Ethereum $428 million, indicating short-term volatility despite long-term institutional interest.

Technical Analysis of Bitcoin: Bitcoin's price remains above critical support levels, with $111,000 acting as short-term support and $108,000 as a secondary floor, while a move above $124,500 could signal a continuation toward $128,000.

Technical Analysis of Ethereum: Ethereum's price has dropped to $3,975, with critical support at $3,540; maintaining levels above $3,600 is crucial for a potential rebound toward $4,250–$4,600.

Market Sentiment and Positioning: The divergence between ETF outflows and technical indicators suggests that the market may be experiencing short-term repositioning rather than a fundamental loss of confidence, with both cryptocurrencies still within longer-term bullish trends.