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Bitcoin price prediction as BTC ETFs break three-day inflow streak

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Bitcoin price prediction as BTC ETFs break three-day inflow streak - 2

Bitcoin prices traded cautiously after US-listed spot Bitcoin ETFs snapped a three-day inflow streak, adding pressure to an already fragile market structure.

Summary

  • Bitcoin traded cautiously near $67,000 after US-listed spot Bitcoin ETFs ended a three-day inflow streak, flipping back to net outflows.
  • ETF flow data points to waning institutional demand, reinforcing fragile market structure amid ongoing price consolidation.
  • Technically, BTC remains well below its 50-day moving average, with RSI in the low-30s, keeping near-term momentum tilted to the downside.

Bitcoin price struggles as ETF momentum stalls

Bitcoin (BTC) was trading around $67,000 at press time, struggling to attract strong upside follow-through after recent attempts to stabilize.

ETF flow data shows Bitcoin spot ETFs recorded steady inflows over the previous three sessions, signaling a brief return of institutional demand as BTC attempted to stabilize near $67,000.

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However, that trend reversed in the latest session, with net outflows replacing inflows, suggesting renewed caution among investors amid ongoing price consolidation.

Bitcoin price prediction as BTC ETFs break three-day inflow streak - 2
Bitcoin ETF flows | Source: SoSoValue

The halt in ETF inflows comes as broader risk sentiment remains mixed, with traders closely watching whether institutional demand can reassert itself after weeks of volatility.

Bitcoin price action weak below key moving average

The daily chart shows Bitcoin remains well below its 50-day simple moving average, which is currently hovering near $85,000. This large gap highlights the depth of the recent correction and signals that the broader trend remains under bearish control.

Meanwhile, the Relative Strength Index (RSI) is holding below the neutral 50 level. It sits in the low-30s, suggesting bearish momentum is still dominant, even as selling pressure has eased compared with January’s sharp breakdown.

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Bitcoin price prediction as BTC ETFs break three-day inflow streak - 3
Bitcoin price performance | Source: Crypto.News

On the downside, immediate support sits near $66,500–$66,000, a level that has repeatedly attracted buyers in recent sessions. A decisive break below this zone could expose Bitcoin to deeper losses toward $64,000, followed by a broader psychological support area near $60,000.

On the upside, initial resistance is located around $70,000, where prior rebound attempts have stalled. Beyond that, stronger resistance emerges near $74,000–$75,000, a former support zone that now acts as a selling area.

A sustained move above these levels would be required to signal a shift in near-term momentum.

Overall, Bitcoin remains in a consolidation phase following a sharp correction, with ETF flow data and broader market sentiment likely to determine whether BTC breaks higher or resumes its downward trend in the days ahead.

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Crypto World

CFTC Chair Says Agency is Ready to Oversee Entire Crypto Market

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CFTC Chair Says Agency is Ready to Oversee Entire Crypto Market

Michael Selig, US President Donald Trump’s nominee leading the Commodity Futures Trading Commission (CFTC), said the agency was prepared to oversee the entire $3 trillion crypto industry, with no timeline for Congress to pass a crucial market structure bill.

In a Wednesday statement about his first 100 days as CFTC chair, Selig said that the commission was “ready to take responsibility” for the crypto market and reiterated his claim that it was the sole regulator to oversee prediction markets.

His comments come as the US Senate considers the CLARITY Act, a crypto market structure bill that has been effectively stalled in committee amid discussions over stablecoin yield and other issues.

“The same regulatory clarity being delivered to the crypto industry is being developed for prediction markets, which can serve as powerful tools for information discovery and are regulated by the CFTC under the Commodity Exchange Act,” said Selig.

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Under Selig, who was confirmed by the Senate in December, the CFTC has adopted many policies signaling that the agency would soften its enforcement and regulation of digital assets compared to previous administrations. In March, the agency announced a memorandum of understanding with the Securities and Exchange Commission (SEC) as part of efforts to coordinate on regulation, including digital assets.

Related: Crypto exchange KuCoin agrees to $500K settlement, ending CFTC case

Although early drafts of the market structure bill suggested the legislation could give the CFTC additional authority to oversee digital assets, the SEC is expected to continue regulating cryptocurrencies it considers to be securities.

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Lawmakers pressing CFTC on insider trading claims over prediction markets

US state authorities and federal lawmakers have been targeting prediction market platforms like Kalshi and Polymarket over alleged violations of gaming laws and claims of politicians using insider information to profit.

While many of the state-level actions continue to be litigated in court, Selig has claimed that the CFTC has “exclusive jurisdiction” over prediction markets and threatened legal action against any challenges to its authority.

In a Tuesday event, CFTC enforcement director David Miller said that the agency’s position was that event contracts on prediction markets were not “gaming” but rather “swaps” that fall under its purview.

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Some lawmakers have also proposed legislation to ban elected officials with insider information from profiting from event contracts after suspicious trades on military actions involving Iran and Venezuela.

Magazine: A newbie’s guide to surviving crypto winter