Bitcoin (BTC) funds capture $700 million as institutions place their bets: Crypto Daily
CoinDesk
Institutional investors poured $700 million into Bitcoin funds last week, signaling sustained demand as the asset nears key technical resistance levels.Summary
Institutional interest in cryptocurrency remains strong, with Bitcoin funds attracting over $700 million in inflows last week, according to CoinShares. This activity extends a five-week positive trend, largely driven by improving sentiment surrounding the Clarity Act. While Bitcoin has recently traded near $81,000, analysts suggest that a sustained move above its 200-day simple moving average of $82,000 is necessary to confirm a long-term bullish trend. Meanwhile, the broader crypto market is seeing gains in altcoins like SUI, and technical indicators for Ether suggest a significant directional move may be imminent due to historically low volatility.
(Source：CoinDesk)