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Over the past week, BTC spot ETF saw a net inflow of $1.39 billion, while ETH spot ETF saw a net inflow of $24.22 million. BTC price rose by 12.2% in the past week, and ETH price increased by 9.9%. The ETH/BTC exchange rate stands at approximately 0.388, remaining low. BTC's market dominance reached 57.66%, expanding compared to the previous week, but still mid-range.
The stablecoin market cap has reached $172.8 billion, just 9% below the last bull market high of $188 billion. This current market movement, driven by BTC and ETH spot ETFs injecting external funds, indicates pre-bull market conditions based on stablecoin reserves and fund inflows.
However, caution is still advised due to high Federal Reserve interest rates, ongoing anti-VC sentiment in the crypto market, and the unlocking of many VC tokens.
