Bitcoin, ether bounce is running low on fuel: Crypto Daybook Americas
CoinDesk
The crypto market's recent rally shows signs of weakening due to weak capital inflows and significant ETF outflows.Summary
The cryptocurrency market started the week positively, with Ether (ETH) and Solana (SOL) rising over 3%, but upward momentum appears limited due to weak demand signals. U.S. spot bitcoin ETFs saw a net outflow of $296.18 million, breaking a four-week inflow streak, with Ether ETFs also bleeding over $200 million, suggesting waning institutional appetite. Furthermore, stablecoin growth has stalled; Tether's USDT market cap is flat, and Circle's USDC has declined. Analyst Peter Brandt suggests Bitcoin could fall to $49,000 based on technical patterns, supported by a bias toward put options indicating downside fears. A significant rally would require Bitcoin to firmly establish a foothold above $75,000.
(Source：CoinDesk)