Bitcoin Spot ETFs See $14.76 Million Net Inflow
- Inflow Overview: On April 30, U.S. listed Bitcoin spot ETFs recorded a net inflow of $14.76 million, indicating that buyers slightly outpaced sellers, reflecting ongoing demand for regulated Bitcoin investment vehicles.
- Inflow Mechanism Explained: The net inflow represents the difference between capital entering the ETF and capital leaving it, with a positive figure signaling that investors increased their Bitcoin exposure through the fund, although this amount is relatively small compared to larger single-day inflows seen recently.
- Market Sentiment Signal: Despite the inherent volatility of single-day inflow data, the positive inflow on April 30 may suggest that institutional and retail investors maintained a modest demand for Bitcoin exposure as they entered May, warranting attention to whether consecutive positive inflows will develop in the coming days.
- Long-Term Trend Monitoring: Investors should monitor multi-day flow trends to determine if the inflow on April 30 will be confirmed or reversed on May 1, which could provide better insights into market sentiment and Bitcoin's role in investment portfolios.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC 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, BTC 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 $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 70546.665 | 72742.093 | 75094.805 | 77290.233 | 79642.945 | 81838.373 | 84191.085 |
| Fibonacci | 72742.093 | 74479.482 | 75552.843 | 77290.233 | 79027.622 | 80100.983 | 81838.373 |
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