Bitcoin and Ethereum ETFs: Market Insights & Trends
Bitcoin ETFs saw a strong inflow of $200 million on August 8 but faced a $90 million dip the next day. Major players like Blackrock increased their stakes, while Grayscale made reductions.
Ethereum ETFs followed a similar pattern with $98 million inflows on August 6, reversing to -$15.7 million by August 9.
Price Trends: Bitcoin (BTC) is down 1.2%, and Ethereum (ETH) has dropped 12% in the past week.
Technical Signals: Bitcoin shows signs of a potential bullish reversal with improvements in the MVRV ratio. However, RSI and MFI indicate a downtrend. The MACD hints at a possible bullish crossover, and the Bollinger Bands suggest a resistance test at the 20-day SMA.
Whale Activity: High trading volume among large holders indicates significant market interest.
Summary: Despite current volatility, positive signs suggest a potential recovery in the crypto market. Stay tuned and keep an eye on these trends for your next moves!
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