It seems that the return of institutional money to crypto funds has begun. Last week, there was an inflow of $1.2 billion, bringing total assets under management to $155 billion. Bitcoin captured $933 million of this flow, while Ether withdrew $192 million.



On the price side, Bitcoin reached as high as $79,400 but pulled back to $77,700. The $80,000 level is important because many buyers want to close their positions there. It is currently trading at $81,020, and we will see whether it can break this level or not.

This week's major tech earnings (Apple, Microsoft, etc.) will be very important. If strong results come in, broader risk appetite could continue and push Bitcoin above $80,000. Serious money is also flowing into blockchain ETFs — $617 million has entered in the last three weeks. Institutional flows are returning faster than retail, which is a sign of funds reaching their highest levels.
BTC0.45%
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