Crypto Investment Products See Slower Inflows Amid Fed Meeting Reaction
- Reduced Inflows: According to CoinShares, crypto exchange-traded products saw net inflows of $230 million last week, maintaining positive momentum for four consecutive weeks, yet significantly down from $1.06 billion the previous week, indicating a cooling investor demand.
- Bitcoin Dominates Inflows: Bitcoin investment products attracted $219.2 million in inflows, accounting for nearly all net gains in the digital asset market, suggesting that despite the overall slowdown, Bitcoin remains a primary choice for investors.
- Ethereum Outflows: Ethereum products experienced outflows of $27.5 million last week, ending a three-week inflow streak, reflecting a reduction in investor risk appetite following the Fed meeting, which led to diminished interest in Ethereum.
- Solana's Continued Growth: Solana ETPs brought in $17 million last week, marking the seventh consecutive week of inflows, totaling $136 million, demonstrating that specific altcoins continue to attract investor attention amid broader market volatility.
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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 3 technical signals, shows that 2 indicators are flashing buy, while 1 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 | 58225.284 | 62792.972 | 66864.624 | 71432.312 | 75503.964 | 80071.652 | 84143.304 |
| Fibonacci | 62792.972 | 66093.2 | 68132.084 | 71432.312 | 74732.54 | 76771.424 | 80071.652 |
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