Bitcoin dey weaken to $112K cuz ETF dem dey flow out; Altcoins ready
Bitcoin dey face new selling pressure close to $115,000, e dey pull back to key support around $112,000. US spot Bitcoin ETFs record net outflow of $323.5 million, while Ethereum ETFs withdraw $465 million. Despite all dis, corporate treasuries add over 600 BTC when prices dey dip, and on-chain whale purchases dey support ETH. Because Bitcoin dey consolidate, certain altcoins dey prepare for possible rallies. Litecoin (LTC) bounce off $107 and now e dey trade near $122; if e pass $130, e fit target $140. Cronos (CRO) don take back im 20-day SMA at $0.13, e dey eye $0.15, $0.17, and $0.19. Ethena (ENA) hold the 20-day SMA at $0.54, with upside levels at $0.70, $0.82, and $0.96. Mantle (MNT) don form inverse head-and-shoulders pattern; if e move steady pass the $0.85 neckline, e fit go $1.06 and $1.15. Traders suppose watch Bitcoin’s 20- and 50-day moving averages plus key altcoin breakout levels for short-term momentum.
Bearish
ETF money wey comot na $323.5 million plus di highest withdrawal from Ethereum ETFs dey show say institutions dey cautious, e dey add more pressure to make Bitcoin price down. The price don comot from $115,000 go $112,000 and bad technical signs dey tell say no much chance for price to go up soon. Corporate treasuries buying and support from whales dey give small stability, but more money dey comot pass di one wey dey enter, so na cautious mindset dem get now. For long term, if Bitcoin fit hold the key support levels and money start to enter back, e fit get better, but right now data dey show say market get bearish feeling.