Nearly $1 billion in bitcoin ETF inflows have powered the bull case as a Kelp hack fuels DeFi jitters.

$BTC $ETH $BNB prices remain steady with $BTC at $64,500, $ETH at $3,100, and $BNB at $350, all up 0% in the last 24 hours.

The Kelp protocol hack has sparked concerns over DeFi security, but bitcoin ETF inflows have continued to surge, reaching $970 million in a single week. This influx of capital has helped to offset fears of a market downturn. The Kelp hack alone resulted in $3 million in losses.

The significant inflows into bitcoin ETFs are likely to have a positive short-term impact on $BTC prices, while the Kelp hack may weigh on $ETH and DeFi-related tokens. However, the long-term effects are uncertain, and investors are advised to remain cautious.

I'm bullish on $BTC in the short term due to the strong ETF inflows, but DeFi investors should be wary of security risks.

#Bitcoin #BTC #Crypto #DeFiSecurity #KelpHack