Connect with us

Crypto World

Bitcoin price eyes rebound as spot BTC ETFs return

Published

on

Bitcoin price eyes rebound from oversold RSI as spot BTC ETFs see inflows for first time in 5 days - 1

Bitcoin price edged higher on Feb. 3 after days of heavy selling, as pressure from forced liquidations faded and fresh capital returned to U.S. spot Bitcoin exchange-traded funds.

Summary

  • Bitcoin rebounded after dipping to its lowest levels since April 2025.
  • Spot Bitcoin ETFs recorded their first net inflows in five sessions.
  • Technical indicators suggest short-term relief, not a confirmed reversal.

Bitcoin was trading at $78,659 at the time of writing, up 3.8% from the previous day. The move comes after a severe decline that dragged prices to around $75,400, levels not seen since April 2025. 

Even with the bounce, Bitcoin (BTC) is still under strain. The asset is down roughly 11% over the past week and nearly 40% from its October 2025 peak of $126,080, showing how deep the recent correction has been.

Advertisement

Futures market suggests conditions are starting to stabilize. As per CoinGlass data, total trading volume slipped 18.7% to $78.9 billion, while open interest climbed slightly to $52.19 billion. The combination points to traders reopening positions cautiously rather than piling into leverage.

ETF inflows return as dip buyers step in

One of the more constructive signals came from the U.S. spot Bitcoin ETF market. According to data from SoSoValue, spot Bitcoin ETFs recorded net inflows of $561.89 million on Feb. 3, snapping a five-day streak of outflows.

BlackRock’s IBIT led the inflows with $141.99 million, followed by Fidelity’s FBTC at $153.35 million and Bitwise’s BITB with $96.5 million. All other issuers also posted net inflows on the day.

Advertisement

ETF inflows matter because they reflect direct buying of Bitcoin rather than short-term speculation. When these products see steady demand, they can help soak up supply during periods of market stress. While one session does not confirm a trend, the timing suggests institutions are starting to view current prices as attractive.

Some analysts say the setup favors short-term buyers. In a Feb. 3 analysis, CryptoQuant contributor CryptoNiel noted that Bitcoin funding rates have stayed negative for three days in a row, a pattern often seen when short positions dominate futures markets.

“When price declines and funding rates stay negative for several days, it typically signals that short positions are dominating,” he said. “From a bullish perspective, this can represent an attractive entry. From a bearish one, it may also signal the start of a prolonged consolidation phase.”

CryptoNiel added that Bitcoin has failed to push back toward the CME gap near $84,000, suggesting upside momentum is still limited.

Advertisement

Bitcoin price technical analysis

On the technical side, Bitcoin is flashing signs of exhaustion after the recent sell-off, though sellers continue to dictate direction. Bitcoin is clearly in oversold territory as the relative strength index has fallen below 30.

Similar readings have often preceded brief recoveries in previous cycles, even when the overall trend remained negative. 

Bitcoin price eyes rebound from oversold RSI as spot BTC ETFs see inflows for first time in 5 days - 1
Bitcoin daily chart. Credit: crypto.news

Strong downward pressure is evident in Bitcoin’s trading along the lower Bollinger Band. If selling slows, this setup may precede a return to the mid-band, but a reversal is not guaranteed.

Price remains below both the 20-day and 50-day moving averages, meaning any recovery attempt is likely to face resistance near the $82,000–$85,000 area. That zone previously acted as support before breaking down.

Structurally, the chart continues to show lower highs and lower lows. Bitcoin is currently holding just above the $76,000–$78,000 demand area, where buyers have stepped in before. The market may suffer greater losses if there is a clear break below that range.

Advertisement

However, downward momentum is starting to level off, increasing the likelihood of a bullish RSI divergence should selling pressure continue to wane. In addition, Bollinger Bands are beginning to narrow after rapidly expanding, suggesting that the market may be shifting from aggressive selling to a period of consolidation.

Source link

Advertisement
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto World

ME Token Slumps After Magic Eden Announces Buybacks, Staking Rewards

Published

on

ME Token Slumps After Magic Eden Announces Buybacks, Staking Rewards


The former NFT marketplace said it will allocate revenue to the ME ecosystem, including USDC rewards paid out to stakers.

Source link

Continue Reading

Crypto World

Solana (SOL) Plunges Below $100, Bitcoin (BTC) Recovers From 15-Month Low: Market Watch

Published

on

BTCUSD Feb 4. Source: TradingView


Meanwhile, HASH and HYPE have declined the most over the past 24 hours after charting impressive gains lately.

Bitcoin’s adverse price actions as of late worsened yesterday when the asset tumbled to its lowest positions since early November 2024 at $73,000 before recovering by a few grand.

Most altcoins followed suit with enhanced volatility, but some, such as SOL, HYPE, and CC, have been hit harder than others.

Advertisement

BTC’s Latest Rollercoaster

It was just a week ago when the primary cryptocurrency challenged the $90,000 resistance ahead of the first FOMC meeting for the year. After it became official that the Fed won’t cut the rates again, BTC remained sluggish at first but started to decline in the following hours.

The escalating tension in the Middle East was also blamed for another crash that took place on Thursday when bitcoin plunged to $81,000. It bounced off to $84,000 on Friday but tumbled once again on Saturday, this time to under $75,000. Another recovery attempt followed on Monday, only to be rejected at $79,000.

Tuesday brought the latest crash, this time to a 15-month low of $73,000. It has rebounded since then to just over $76,000, but it’s still 3% down on the day. Moreover, it has lost 14% of its value weekly and a whopping 18% monthly.

Its market capitalization has plummeted to $1.525 trillion on CG, while its dominance over the alts has declined to 57.3%.

Advertisement
BTCUSD Feb 4. Source: TradingView
BTCUSD Feb 4. Source: TradingView

SOL Below $100

Most larger-cap altcoins have felt the consequences of the violent market crash lately. Ethereum went from over $3,000 to $2,100 in the span of a week, before bouncing to $2,280 as of now. BNB is down to $760, while SOL has plummeted to under $100 after a 7% daily decline.

Even the recent high-flyer HYPE has retraced hard daily. The token is down by 11% to $33. CC and ZEC are also deep in the red, while XMR has gained the most from the larger caps.

The cumulative market cap of all crypto assets has seen more than $70 billion erased in a day and is down to $2.65 trillion on CG.

Cryptocurrency Market Overview Feb 4. Source: QuantifyCrypto
Cryptocurrency Market Overview Feb 4. Source: QuantifyCrypto

 

SPECIAL OFFER (Exclusive)

SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Advertisement

Source link

Continue Reading

Crypto World

Pumpfun Unveils Investment Arm and $3 Million Hackathon

Published

on

Pumpfun Unveils Investment Arm and $3 Million Hackathon


PUMP rallied as much as 10% but erased its gains as crypto markets dipped.

Source link

Continue Reading

Crypto World

Spot Bitcoin ETF AUM Hits Lowest Level Since April 2025

Published

on

Spot Bitcoin ETF AUM Hits Lowest Level Since April 2025

Assets in spot Bitcoin (BTC) ETFs slipped below $100 billion on Tuesday following a fresh $272 million in outflows.

According to data from SoSoValue, the move marked the first time spot Bitcoin ETF assets under management have fallen below that level since April 2025, after peaking at about $168 billion in October

The drop came amid a broader crypto market sell-off, with Bitcoin sliding below $74,000 on Tuesday. The global cryptocurrency market capitalization fell from $3.11 trillion to $2.64 trillion over the past week, according to CoinGecko.

Altcoin funds secure modest inflows

The latest outflows from spot Bitcoin ETFs followed a brief rebound in flows on Monday, when the products attracted $562 million in net inflows.

Advertisement

Still, Bitcoin funds resumed losses on Tuesday, pushing year-to-date outflows to almost $1.3 billion, coming in line with ongoing market volatility.

Spot Bitcoin ETF flows since Jan. 26, 2026. Source: SoSoValue

By contrast, ETFs tracking altcoins such as Ether (ETH), XRP (XRP) and Solana (SOL) recorded modest inflows of $14 million, $19.6 million and $1.2 million, respectively.

Is institutional adoption moving beyond ETFs?

The ongoing sell-off in Bitcoin ETFs comes as BTC trades below the ETF creation cost basis of $84,000, suggesting new ETF shares are being issued at a loss and placing pressure on fund flows.

Market observers say that the slump is unlikely to trigger further mass sell-offs in ETFs.

“My guess is vast majority of assets in spot BTC ETFs stay put regardless,” ETF analyst Nate Geraci wrote on X on Monday.

Advertisement
Source: Nate Geraci

Thomas Restout, CEO of institutional liquidity provider B2C2, echoed the sentiment, noting that institutional ETF investors are generally resilient. Still, he hinted that a shift toward onchain trading may be underway.

Related: VistaShares launches Treasury ETF with options-based Bitcoin exposure

“The benefit of institutions coming in and buying ETFs is they’re far more resilient. They will sit on their views and positions for longer,” Restout said in a Rulematch Spot On podcast on Monday.

“I think the next level of transformation is institutions actually trading crypto, rather than just using securitized ETFs. We’re expecting the next wave of institutions to be the ones trading the underlying assets directly,” he noted.