⢠Bitcoin (BTC): ~$121,788 ā down ~1.8% intraday after failing to hold above $123K. ⢠Ethereum (ETH): ~$4,455 ā down ~4.7%, reacting to broad risk-off sentiment. ⢠BTC Spot ETFs: Recorded $23.8M in net outflows, ending the multi-day inflow streak. ⢠ETH Spot ETFs: Posted $420.9M in inflows, signaling rotation toward Ethereum. ⢠Total Market Cap: ~$4.26T ā down ~2.2% as large caps consolidate.
š Insights
⢠The BTC outflow reflects profit-taking near resistance after record highs. ⢠ETH inflows highlight investor preference for diversified exposure amid consolidation. ⢠90 of the top 100 tokens traded lower ā suggesting a broad but temporary correction.
š Takeaway ETF data shows capital rotation rather than an exit. Bitcoin is stabilizing near key support ($118Kā$120K), while Ethereumās resilience signals potential leadership in the next cycle phase.