Jul 29, 2025
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Crypto Market Rally Stalls as Institutional ETH Flows Become Crucial
Market Update: Crypto and Economic Overview
The crypto market is displaying signs of caution:
- Institutional investors are taking profits, leading to a significant drop in ETF inflows, down 80% this week to $496 million.
- Bitcoin (BTC) struggles to break the $120K mark, trading at $118K.
- Market sentiment for BTC is weakening, with the Relative Strength Index showing a retreat from overbought levels.
- Funding rates for perpetual futures remain above 15%, indicating aggressive long positions but recent flows show profit-taking and hedging.
- Ethereum (ETH) is trading at $3,783, caught between consolidation and potential institutional interest.
- Market maker Enflux describes current conditions as neutral, while QCP Capital expresses cautious optimism.
Current prices:
- BTC: $118K, consolidating between support at $114K and resistance near $123K.
- ETH: $3,783, forming a bullish pattern targeting $4,300 despite trader caution.
- Gold: Down 0.7% to $3,313.57.
- Nikkei 225: Down 0.61% as traders await trade deal developments.
- S&P 500: Flat close as trade deal fails to spark rally.
Future movements in the market will depend on how institutional flows into ETH develop.