Bitcoin risks losing the support of USD 115,000, increasing the possibility that the altcoin season, which has just begun, will end abruptly. Key Points:
Bitcoin has retraced to the support zone of USD 115,000 to USD 110,530, where buyers are expected to show strong defense.
ETH has remained close to the upper resistance as investors put money into spot ETH ETFs.
The repeated failure to keep Bitcoin
BTC
99,934 €
above the USD 120,000 level in recent days may have tempted short-term traders to take profits. This caused the price to drop below the USD 115,000 level on Friday.
The consolidation of BTC seems to be shifting investor interest towards Ether
ETH
3,164 €
, causing a capital rotation, according to new research shared on X by the cryptocurrency market analysis firm Swissblock.
According to data from Farside Investors, exchange-traded funds (ETFs) of spot ETH registered net inflows of approximately USD 2.4 billion in the last six trading days, far exceeding the USD 827 million in net inflows in spot BTC ETFs during the same period.
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