|

Bitcoin Price Prediction: $2.48B ETF Inflows Signal Bullish Reversal – Are Whales Quietly Loading Up Again?

📉

Bitcoin is buying and selling at $111,654 with a every day turnover of $44.1 billion, and the market backdrop is shifting. Institutional flows have returned in drive. CoinShares studies $2.48 billion in internet inflows final week alone, capping August with $4.37 billion and bringing the year-to-date tally to $35.5 billion, 58% larger than the identical interval final yr. This alerts that regardless of macro turbulence, cash is steadily discovering its approach again into crypto.

Global ETF Inflows Drive Momentum

The United States continues to steer the cost, accounting for $2.29 billion — 92% of final week’s whole inflows. Europe adopted at a distance, with Switzerland including $109.4 million, Germany $69.9 million, and Canada $41.1 million.

These figures spotlight that demand isn’t confined to 1 area. Friday’s small outflows look extra like profit-taking than weak spot within the development.

Ethereum surprisingly stole the highlight, drawing $1.4 billion, whereas Bitcoin attracted $748 million. Solana and XRP additionally benefitted, gathering $177 million and $134 million, respectively, as optimism grows round ETF approvals.

What’s essential right here is the investor rotation: establishments chase Ethereum’s development however persistently return to Bitcoin when uncertainty rises.

Macro Turbulence Still Matters

Last week’s optimism was dented by the discharge of Core PCE inflation information, which dampened hopes for a September Fed fee reduce. Crypto property underneath administration decreased by 10% to $219 billion following the information.

But the pullback seems to be short-term. As Konstantin Anissimov of Currency.com famous, Ethereum funds alone generated practically $4 billion in August, indicating that the urge for food hasn’t disappeared.

In my expertise, that is the sample we’ve seen for years: buyers take dangers with Ethereum when markets are calm, however they transfer again to Bitcoin at any time when macro dangers construct. Bitcoin’s safe-haven attraction continues to floor, strengthened by $250 million of ETF inflows final week alone.

Bitcoin Technical Outlook: Breakout or Breakdown?

On the charts, Bitcoin price prediction is popping bearish within the quick run as BTC is urgent towards resistance at $113,400 whereas constructing a base of upper lows, a textbook ascending triangle.

The 50-SMA sits at $111,325, and the 200-SMA at $112,755, offering bulls with layered assist. The RSI has cooled to 47 after testing 60, leaving room for momentum to reset earlier than one other transfer larger.

Bitcoin Price Chart – Source: Tradingview

If consumers handle a clear break above $113,400, the next ranges to look at are $115,400 and $117,150. A stronger push may prolong the run to $125,000 within the medium time period. On the flip aspect, shedding the $110,000 ground dangers a slide towards $108,450 and $107,407.

For merchants, the setup is easy: an in depth above $113,400 opens room for longs focusing on $117,000 and probably $130,000, whereas stops ought to keep beneath $110,000.

With institutional demand resurging and technical indicators suggesting a coil is able to unwind, Bitcoin could also be getting ready for its subsequent main rally. This is the form of setup the place whales quietly place, leaving retail to catch up as soon as the breakout is already underway.

Presale Bitcoin Hyper ($HYPER) Combines BTC Security With Solana Speed

Bitcoin Hyper ($HYPER) is positioning itself as the primary Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM). Its objective is to develop the BTC ecosystem by enabling lightning-fast, low-cost good contracts, decentralized apps, and even meme coin creation.

By combining BTC’s unmatched safety with Solana’s high-performance framework, the challenge opens the door to completely new use instances, together with seamless BTC bridging and scalable dApp improvement.

The staff has put sturdy emphasis on belief and scalability, with the challenge audited by Consult to present buyers confidence in its foundations.

Momentum is constructing shortly. The presale has already crossed $14.7 million, leaving solely a restricted allocation nonetheless out there. At right now’s stage, HYPER tokens are priced at simply $0.012885—however that determine will enhance because the presale progresses.

You should buy HYPER tokens on the official Bitcoin Hyper website utilizing crypto or a financial institution card.

Click Here to Participate in the Presale

The submit Bitcoin Price Prediction: $2.48B ETF Inflows Signal Bullish Reversal – Are Whales Quietly Loading Up Again? appeared first on Cryptonews.

Similar Posts