Digital Asset Investment Products See $1.9 Billion in Inflows This Week
Digital asset investment products experienced inflows of $1.9 billion last week, marking the ninth consecutive week of growth and a year-to-date total of $13.2 billion.
- Bitcoin attracted $1.3 billion, showing a rebound after previous outflows.
- Ethereum gained $583 million, its most substantial weekly influx since February.
Despite global macroeconomic uncertainties, digital assets are drawing investments. The US led in inflows with $1.9 billion, while Hong Kong recorded $56.8 million in outflows.
Derivatives Indicate Bullish Sentiment
Data from Glassnode reveals that BTC's 25 Delta Skew has turned bullish, particularly for short-dated options:
- 1-week skew increased from -2.6% to +10.1%
- 1-month skew rose from -2.2% to +4.9%
These trends suggest traders anticipate near-term price increases or volatility.
Market Holding Patterns
On-chain analyst Darkfost reports that BTC inflows to Binance are at historic lows, indicating both whales and retail investors are holding rather than selling. This synchronized behavior implies confidence in Bitcoin's long-term prospects.
Technical Analysis
Bitcoin's current price is $106,941, testing immediate resistance around $107,400. A breakout could lead to retesting highs near $112K. Key support levels are:
- $101,400
- $98,900
Further Fibonacci targets include $117K, $128K, and $137K.
BoP, OBV Levels on BTC Daily Chart | Source: TradingView
Balance of Power is +0.59, favoring bulls, while On-Balance Volume remains high, indicating continued accumulation despite price consolidation.