Prepared by: Seltmed
📊 Price Action Overview:
- Bitcoin (BTC) moved within $105K to $110K, ending the week around $109K.
- Ethereum (ETH) ranged from $2.55K to $2.66K, holding key support.
✨ What Pushed the Market:
1. ETF Inflows: Nearly $4.7B added to spot Bitcoin ETFs.
2. Geopolitical Relief: Ceasefire between Israel and Iran improved investor sentiment.
3. Short Squeeze: Low funding rates and liquidations helped drive momentum.
🔹 On-Chain & Technical Insights:
- BTC exchange reserves hit multi-year lows (~14.5%).
- BTC trades above 200-day SMA ($96K) with RSI at 58.
- ETH outflows strong, with balances at 8-year lows.
⚠️ Caution Signs:
- Tariff fears caused a minor BTC dip (-0.7%).
- ETF inflows slowed slightly (e.g., MicroStrategy pause).
📈 Summary Table:
- BTC: $105K–$109.7K range, bullish above 200-SMA.
- ETH: Stable near $2.6K with strong on-chain trends.
📊 What to Watch:
- Ongoing ETF activity.
- BTC resistance at $112K–$114K.
- Altcoins may rotate if BTC dominance (currently ~66%) falls.
🚀 Final Thought:
A healthy week for crypto, supported by macro calm and institutional interest. Stay alert to external shocks, ETF signals, and dominant trends.
