🚨 Record Crypto ETF Inflows, BTC Still Sideways


The market today is quite interesting.
Money continues to pour in strongly, but prices have not broken out yet.
• BTC is moving sideways around the 71,800 – 72,800 USD range
• ETH is holding steady at 2,190 – 2,230 USD
The most notable point is the ETF inflow:
• Bitcoin ETF recorded ~720 million USD in inflows in just 24 hours
• BlackRock’s IBIT continues to lead the inflows
• Total crypto ETP inflow this week has surpassed 1.1 billion USD
• This is the highest level since January
The vibe right now feels quite similar to the “spring compression” phase
Money is flowing in strongly, but prices have not reacted right away
Usually, these kinds of moves don’t last too long
Brothers, pay close attention to this phase
Sideways, but not at all “peaceful”
BTC-1,67%
ETH-2,73%
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