Bitcoin Holds $100K Support as Spot ETFs See $240M Inflows

Bitcoin is currently trading around $101,000 after a 16% weekly decline but maintains support at the $100,000 level. BTC
Spot Bitcoin ETFs saw net inflows of $240 million on Nov. 6, breaking a six-day outflow streak.
Spot Ethereum ETFs had a $12.5 million inflow, marking their first positive day in nearly a week. ETH
The Fear and Greed Index has dropped to 21, indicating high investor anxiety.
Exchange reserves for Bitcoin on Binance are rising, suggesting more traders are sending BTC to exchanges, often indicating selling pressure.
The Coinbase Premium Index remains negative, reflecting weak US demand from institutions and retail investors.
The Short-Term Holder Realized Profit Ratio (STH RPR) is at 0.984, signaling that short-term holders have not capitulated yet.
Long-term holders continue to accumulate Bitcoin, with their realized price climbing to $78,520.
Bitcoin faces resistance between $103K and $108K, with strong support at $100K.
The Balance of Power indicator shows buying strength returning, while RSI indicates a neutral-to-oversold condition.
If Bitcoin holds above $100K, it might rally towards $108K or $115K. A break below could lead to losses down to $95K.

Bitcoin exchange netflow | Source: CryptoQuant

Bitcoin daily chart with momentum indicators | Source: TradingView