š Crypto ETF Flows Have Changed the Mood of the Market!
š„ SOL Leaving Everyone Behind at the Top ā BTC Under Pressure, ETH Stable!
Today's fresh data has given the crypto market a new twist. According to Lookonchain, the movements of ETFs on November 27 have shaken traders ā and these could directly affect the sentiment of spot trading.
š„ Bitcoin ETFs ā Outflow Has Put BTC Under Pressure
There was an outflow of 25 BTC from Bitcoin ETFs, which has a total value of approximately $2.3M.
In the past week, BTC outflows reached 7,233 BTC ā meaning institutions are temporarily moving away from BTC.
š This is a bearish signal, which can keep BTC's price under pressure in the short term.
š© Ethereum ETFs ā Strong Daily Inflow, But Weekly Neutral
Ethereum ETFs showed an inflow of 11,484 ETH in one day (value ~$34.34M).
However, the result for the whole week was a bit mixed, where a net outflow of 1,917 ETH was recorded.
š Short-term sentiment is positive for ETH, but the weekly pattern shows a neutral mood.
š¦ Solana ETFs ā The Market's New Champion!
The heaviest movement came from the Solana side.
There was a massive inflow of 238,037 SOL in SOL ETFs ā which is around $33.56M in value.
š This is a clear indication that institutions are aggressively buying SOL.
š The trend for SOL is currently the strongest, and in the short term, it may outperform BTC/ETH.
š What Impact Does This News Have on the Market Mood?
BTC may go under pressure ā short-term dips possible
ETH stable to slightly bullish ā safe scalping opportunity
SOL in strong bullish momentum ā high volume and volatility
š What Can Be Expected Going Forward?
ā A strong buying trend may continue in SOL
ā Steady movement and safe scalps may be found in ETH
ā There is a higher chance of some sell pressure in BTC until ETF flows reverse
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