Bitcoin Nears Potential Bottom as ETF Inflows Rise

Bitcoin Nears Potential Bottom as ETF Inflows Rise

Bitcoin was trading near $64,300 on Wednesday morning, showing little movement as investors assessed whether the cryptocurrency’s prolonged downturn may be approaching an end. Bitcoin exchange-traded funds (ETFs) recorded approximately $189 million in net inflows on Tuesday, providing a positive signal for market sentiment. VanEck Sees Potential Turning Point Analysts at VanEck believe Bitcoin may be approaching a potential bottom. In its latest…

Bitcoin flashes 8 bottom signals, but rebound may take months: VanEck

Bitcoin has triggered eight of VanEck’s 12 capitulation signals after falling 49% from its peak, although the firm’s historical data has shown no return advantage within six months. VanEck said in its mid-August Bitcoin ChainCheck that the active signals place…

Bitcoin flashes 8 capitulation signals, but traders just spent $552 million protecting against another crash

Bitcoin is showing some of the strongest capitulation signals of the current downturn, suggesting the selloff may be entering a later stage even as the market offers little evidence of an imminent rebound. Eight of the 12 indicators tracked by VanEck are currently flashing capitulation, while all 12 reached extreme levels at some point during the past three months. The measures are designed to capture unusually severe market stress and selling p…