Bitcoin, Ethereum ETFs Receive Over $600 Million in New Cash—Are the Bulls Back?

Core Insights - Investors returned to Bitcoin and Ethereum ETFs, reversing previous outflows, but the investments did not lead to a sustained price increase for the cryptocurrencies [1][2] - Bitcoin and Ethereum funds saw inflows of approximately $477 million and $142 million, respectively, on Tuesday, following a week of significant outflows totaling over $1.4 billion [2] Market Performance - Bitcoin's price was reported at $108,200, down nearly 3% in one day, while Ethereum was at approximately $3,821, down 5% [6] - Both cryptocurrencies experienced a decline of around 6% last week, coinciding with a broader market slump [2][5] Analyst Sentiment - Analysts express caution regarding the future price trajectory of digital assets due to macroeconomic uncertainties, including trade tensions and inflation concerns [3] - Market sentiment in the crypto space is generally bearish, with ongoing effects from recent liquidity events prompting further liquidation among crypto investors [5] Technical Analysis - The short-term trend for Bitcoin and Ethereum is downward, with potential testing of technical support levels at $100,000 for BTC and $3,800 for ETH before any significant rebound [8]