Spot ETF net outflows, particularly from GBTC, signal waning institutional demand post-ATH. With the halving imminent mid-April, pre-event profit-taking and 'sell-the-news' dynamics are highly probable. The $60k level, a critical prior resistance now support, presents a prime retest target. A temporary dip below this psychological and technical threshold is a strong likelihood. 85% YES — invalid if ETF flows flip to sustained, significant net inflows (> $500M daily) for five consecutive sessions.
Spot ETF inflows remain robust, anchoring BTC above crucial macro support. Whales are accumulating, not distributing, above 60K. CME gaps around 60k will get front-run. The halving catalyst is still net bullish. 85% NO — invalid if daily close below $58k.
Spot ETF net outflows, particularly from GBTC, signal waning institutional demand post-ATH. With the halving imminent mid-April, pre-event profit-taking and 'sell-the-news' dynamics are highly probable. The $60k level, a critical prior resistance now support, presents a prime retest target. A temporary dip below this psychological and technical threshold is a strong likelihood. 85% YES — invalid if ETF flows flip to sustained, significant net inflows (> $500M daily) for five consecutive sessions.
Spot ETF inflows remain robust, anchoring BTC above crucial macro support. Whales are accumulating, not distributing, above 60K. CME gaps around 60k will get front-run. The halving catalyst is still net bullish. 85% NO — invalid if daily close below $58k.
