Bitcoin ETFs End 13-Day Withdrawal Streak with $3.05M Inflows
- Inflow Trend Reversal: U.S. spot Bitcoin ETFs recorded $3.05 million in net inflows on Thursday, ending a record 13-day outflow streak that had drained over $4.4 billion since mid-May, indicating a slight recovery in market sentiment.
- BlackRock Fund Outperformance: BlackRock's IBIT fund led the inflow with $47.66 million in new capital, while rival funds from Fidelity, Bitwise, and Ark Invest continued to experience outflows, reflecting a market preference for BlackRock's offerings.
- Declining AUM: As of Thursday, total assets under management for spot Bitcoin ETFs fell to $80.40 billion, down from $104.29 billion at the start of the outflow streak, highlighting ongoing market skepticism as Bitcoin prices dropped from above $74,000 to below $64,000.
- Ethereum ETF Recovery: Concurrently, U.S. spot Ether ETFs saw a return to positive flows with $19.30 million on Thursday after 17 consecutive days of outflows, with BlackRock's ETHA fund being the sole contributor, indicating a resurgence in demand for Ethereum.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for PUMP
Technical Sentiment Analysis for Pump.fun (PUMP). As of , Pump.fun (PUMP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for PUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, PUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Pump.fun (PUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000839 | 0.00109 | 0.00138 | 0.00163 | 0.00192 | 0.00217 | 0.00247 |
| Fibonacci | 0.00109 | 0.0013 | 0.00142 | 0.00163 | 0.00184 | 0.00197 | 0.00217 |
About PUMP
About the author
