Last week, digital investment products saw $882 million in net inflows...4 consecutive weeks
According to Coinshares' weekly fund flow report, digital asset investment products recorded $882 million in net inflows last week. This marks the fourth consecutive week of netflows. Bitcoin (BTC) related investment products saw $867 million in inflows, driving the overall net increase. For altcoins, Ethereum (ETH) saw $1.5 million in net inflows, sui (SUI) saw $11.7 million in inflows, while Solana (SOL) experienced $3.4 million in net outflows. Coinshares explained that "the background for this increase in inflows appears to be a combination of global M2 liquidity increase, stagflation concerns, and the adoption of BTC strategic reserves by some U.S. states."
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Backpack Supports Withdrawal for FTX EU Users p TheAna cryptocurrency exchange Announced through its official X that it will officially start the withdrawal process for FTX EU users starting from the 12th (local time). This is the final final stage of Backpack's ongoingoing asset distribution for FT>
Whale Deposits $2.5 Million ETH to Binance After 2 Years of of Inactivityanonymous (starting with1ce) that had been inactive for about two years deposited 2.5 5 000 worth of ETH ETH tooBAccording-Lens., interpreted as selling purpose for exchange deposits and holding purpose for withdrawals, though exchange deposits do not necessarily lead to selling. According to CoinMarketCap, ETH is trading,51, down 0.56%.
Analysis: ETH Rise Driven by Spot and Futures Markets
Analysis: BTC Poised for New All-Time High
According to The Block, Vincent Liu, CIOos Research, that "Bitcoin its all time supported by strong technical momentum. The increasing institutional adoption suggests BTC could move approach a new all-time high." BTC market analyst Rachel Lucas noted that BTC's RSI is in overbought territory, indicating potential short-term correction or consolidation. However, retesting the psychological support of $100,000 and consolidating could could provide a platform for further rise."
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A recent report by the Bank for International Settlements (BIS) analyzed that flow control measures (CFM) had little effect on cryptocon on, and in some cases even increased trading trading volume. The report, analyzing data from 2017 to 2024, noted that "Controls haveurra dual nature as speculative assets, with stablecoins replacing traditional financial systems' cross-border transfer functions necessitating a re-examination of their relationship relationship with existing financial systems."
BTC Sur$passes $105,000
According to toest market monitoring, BTC is trading above $105,000, specifically at $105,044.48on48 48 on Binance USDT market.
