Bitcoin Turns Bearish as ETF Flows Slow; $HYPER Gains Amid Scaling Debate
Bitcoin is showing increasing bearish signals after failing to reclaim resistance near $70K and slipping below key technical levels. Slowing inflows into U.S. spot Bitcoin ETFs — including several recent days of net outflows per Farside Investors — have removed a major demand pillar that supported this year’s rally. Technically, BTC is trading below the 50-day moving average and the daily RSI sits under 50, with traders watching the critical $60K support (aligned with the 100-day MA). Scenarios: a decisive reclaim of $67K plus renewed multi-day ETF inflows would be bullish; continued chop between $60K–$67K is the base case; a daily close below $60K risks a drop toward the low $50Ks (~$52K) and could trigger liquidations. In the current risk-off environment, investor interest is shifting to Bitcoin Layer-2 scaling projects. Bitcoin Hyper ($HYPER) — a Layer-2 integrating the Solana Virtual Machine (SVM) — is highlighted for its high-throughput smart-contract ambition. The project’s presale reportedly raised over $31M and lists a token price of $0.0136754 with staking rewards advertised around 37%. Traders should monitor ETF flow data, the $60K support level, and on-chain congestion metrics; these will likely drive short-term volatility and position management.
Bearish
The article signals a bearish market bias driven by both fundamental and technical factors. Fundamentally, slowing or negative net inflows into U.S. spot Bitcoin ETFs remove a primary source of demand that powered the recent rally — this has historically led to weakened price support and increased susceptibility to corrections. Technically, BTC trading below the 50-day moving average and a daily RSI under 50, plus a lower-high after rejection near $70K, indicate momentum has shifted to sellers. The $60K level is a critical inflection point: a sustained daily close below it would likely invalidate the current bull structure and could trigger liquidation cascades toward ~ $52K, mirroring past periods when ETF or institutional demand dried up. Short-term impact: elevated volatility, increased downside risk, and possible range-bound trading between $60K–$67K until a clear catalyst appears. Long-term impact: if ETF inflows resume and BTC reclaims higher moving averages, bullish structure could be restored; conversely, prolonged outflows and macro pressure could extend a multi-week correction. The mention of Layer-2 projects like Bitcoin Hyper is relevant for sector rotation — traders may shift risk into alt solutions offering scaling narratives, which can create relative strength in those tokens even while BTC softens. Overall, the combined ETF-flow weakness and negative technicals justify a bearish market view until ETF demand or price structure materially improves.