Bitcoin ETFs Attract $355 Million in Capital as Liquidity Improves
- Capital Inflow Recovery: US spot Bitcoin ETFs have attracted $355 million in capital after a seven-day streak of net outflows, indicating early signs of improving market liquidity, with BlackRock's iShares Bitcoin Trust ETF leading the charge with $143.75 million in inflows on Tuesday.
- Market Rebound Signals: Prior to this, spot Bitcoin ETFs experienced cumulative net outflows of approximately $1.12 billion over the last seven trading days, particularly highlighted by a single-day outflow of $275.9 million on December 26, reflecting investor caution amid falling prices and thin year-end liquidity.
- Liquidity Improvement Expectations: Analysts suggest that global liquidity conditions are improving, which is expected to drive a recovery in crypto markets, especially with the Federal Reserve's plan to inject $8.165 billion into the market through Treasury bill purchases on January 6, further boosting market confidence.
- Ethereum ETF Recovery: Spot Ether ETFs ended a four-day outflow streak with $67.8 million in net inflows on Tuesday, marking a shift in market sentiment despite previous net outflows exceeding $196 million over the prior four sessions, indicating ongoing market volatility.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 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 stock.
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 | 36391.603 | 48195.801 | 61127.353 | 72931.551 | 85863.103 | 97667.301 | 110598.853 |
| Fibonacci | 48195.801 | 57644.858 | 63482.495 | 72931.551 | 82380.608 | 88218.245 | 97667.301 |
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