Crypto ETPs Experience $3.17B in Weekly Inflows and Unprecedented Trading Volumes Amid Market Decline
Crypto ETP Inflows and Trading Volumes: Crypto ETPs saw $3.17 billion in inflows last week, achieving record trading volumes of $53 billion, despite a broader market crash that resulted in $20 billion in liquidations.
Bitcoin and Altcoin Performance: Bitcoin products led inflows with $2.67 billion, bringing year-to-date totals to $30.2 billion, while Ethereum faced significant outflows of $172 million, indicating investor concerns about its vulnerability.
Impact of US Government Shutdown on Crypto ETFs: The ongoing US government shutdown may delay decisions on 16 crypto ETFs, with predictions that its resolution could lead to increased interest and investment in spot crypto ETFs.
Investor Sentiment on Altcoins: Interest in Solana (SOL) and XRP ETFs has cooled, with inflows of $93.3 million and $61.6 million respectively, as analysts suggest that potential ETF approvals could boost smaller tokens by providing regulated investment options.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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