BTC Weekly Summary: ETF Finally Stops Bleeding



The biggest story this week: BTC ETF's 10-day net outflow streak was broken

Friday's $221M net inflow ended the longest losing streak in two weeks. On-chain data is alarming: more BTC is in a floating loss than ever before.

BTC oscillated narrowly between $61,000 and $62,000 this week. The 52-week low of $57,748 is just below, with resistance above at $63,500 and $65,000, and support below at $60,000 and $57,748.

I noticed an overlooked signal: XRP quietly returned to $1.10. ETH rose 1.5% this week, outperforming BTC. Gold rose 2%, even stronger than BTC. What is the market pricing in?

This week's silence is more noteworthy than last month's uproar. The $221M return flow may be a weekend position adjustment, but if it's a trend reversal, next week will be very exciting.
XRP2.50%
ETH5.64%
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