BITCOIN MARKET UPDATE: ETF Inflows Return, But Fear Dominates Sentiment
📊 Current Snapshot:
· Price: $78,020 (-1.08%)
· Market Cap: $1.55T
· Dominance: 59.64%
· RSI(6): 41.74 (bearish)
· Position: Below all EMAs (7, 25, 99-day)
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✅ POSITIVE SIGNS:
1. ETF Inflows Return:
Spot Bitcoin ETFs saw +$561.9M net inflows (Fidelity & BlackRock leading), ending 4-day outflow streak.
2. Whale Accumulation:
New wallet bought 704.76 BTC ($55.2M). Another withdrew **380.38 BTC** from Binance ($29.8M) → possible accumulation.
3. Regulatory Support:
Trump's backing of crypto market structure bill could bring clarity and stability.
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⚠️ KEY RISKS:
1. 4 Consecutive Red Months:
Bitcoin finished January negative → first time since 2014/2018. Downtrend intact.
2. ETF Investors Underwater:
Average ETF buyer is at a loss → potential sell pressure at breakeven.
3. Technical Breakdown Threat:
Indicators suggest possible drop to $71,000–72,000 if key support fails.
4. Extreme Fear Sentiment:
Social sentiment at yearly lows, mirroring previous local bottoms.
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💰 Money Flow Data:
· Large orders: -702.76 BTC (net selling)
· Medium orders: +316.21 BTC (net buying)
· Total 24h: -514.55 BTC (net outflow)
Whales are cautious despite ETF inflows.
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🎯 TRADING LEVELS:
· Immediate Support: $78,000
· Critical Support: $74,604
· Resistance: $80,445 (EMA 25)
· Major Resistance: $83,712
Short-term range: $74,600–$80,400
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💡 ACTION PLAN:
· Bulls: Wait for break above $80,445. Entry on pullback to $77K. Stop: $75,900.
· Bears: Short rejection at $79,500–80,000. Stop: $80,600. Target: $75K.
· Neutral: Range trade between $75K–$80K until trend breaks.
Warning: Fear is extreme — often a contrarian signal, but trend remains down.
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DYOR. Not financial advice.
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