Spot Bitcoin ETFs in the US Experience Major Outflows After $1.7 Billion Inflows
- Outflow Phenomenon: After five consecutive days of net inflows totaling approximately $1.7 billion, US spot Bitcoin ETFs faced a notable net outflow of $277.5 million on Thursday, marking the first daily net outflow in May and indicating a sharp shift in market sentiment.
- Major Funds Affected: The Fidelity Wise Origin Bitcoin Fund recorded the largest single-day net loss among spot BTC funds on Thursday, with a $129 million decrease in assets, while BlackRock's iShares Bitcoin Trust ETF also experienced $98 million in outflows, contributing to increased short-term market volatility.
- Morgan Stanley's Growth: Despite the broader market outflows, Morgan Stanley's Bitcoin Trust ETF attracted $7.3 million in net inflows on Thursday, maintaining a record of never having a single day of negative net flow since its launch on April 8, 2026, showcasing its strong market performance.
- Market Sentiment Shift: With rising market volatility and recent profit-taking, investors have begun adjusting their positions in the short term, leading to a drop in the Crypto Fear & Greed Index to 38, entering the
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Technical Analysis for CC
Technical Sentiment Analysis for Canton Network (CC). As of , Canton Network (CC) 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 CC 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, CC 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 $-.
Canton Network (CC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.119 | 0.131 | 0.141 | 0.154 | 0.164 | 0.177 | 0.186 |
| Fibonacci | 0.131 | 0.14 | 0.145 | 0.154 | 0.163 | 0.168 | 0.177 |
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