South Korea Plans to Launch Spot Bitcoin ETFs, Boosting Institutional Investment
- Policy Shift: The South Korean government announced plans to launch spot Bitcoin ETFs as part of its 2026 economic growth strategy, marking a significant shift from its previously strict crypto regulations, which is expected to attract more institutional capital into the Bitcoin market.
- Whale Behavior: Recent data shows that Bitcoin whales are closing their leveraged long positions on Bitfinex, which is typically seen as a bearish signal; however, historically, such actions often precede market rallies, potentially paving the way for a price increase in Bitcoin.
- Long-Term Holder Spending: The long-term holder spending indicator surged in Q4 2025, which would usually be considered bearish, but this time whales absorbed the selling pressure, indicating that institutional demand could drive Bitcoin prices higher, despite negative ETF flows over the past three weeks.
- Market Stability: Despite macro factors exerting pressure on Bitcoin prices, the cryptocurrency has shown strong support around the $90,600 level, demonstrating resilience amid uncertainty and potentially laying the groundwork for future price increases.
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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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