The crypto market is under pressure as ETF outflows accelerate sharply. In the past 24 hours, Bitcoin ETFs saw net outflows of -2,241 BTC ($140M), while Ethereum ETFs lost -42,395 ETH ($70M). On a 7-day basis, total BTC ETF outflows reached -$680M and ETH -$17M โ a clear sign that institutional sentiment is deteriorating.
The Fear & Greed Index is at 12/100, signaling 'Extreme Fear'. Despite this, BTC is holding steady at $62.6K ( 0.6%) and ETH at $1.64K (-0.3%). However, this stability may be fragile if outflows persist.
Funding rates on derivatives markets show divergence: DOGE has slightly positive funding ( 0.007%), indicating longs are in control, while XRP is negative (-0.004%), suggesting shorts dominate. This reflects ongoing uncertainty and mixed short-term sentiment.
Crypto market impact: Heavy ETF outflows combined with extreme fear often precede further downside or prolonged sideways movement. Key support levels to watch are BTC around $60K and ETH near $1.5K. If institutional selling continues, these levels could be tested.
What to watch next: Upcoming macro data (CPI, FOMC) will be crucial. A dovish Fed could reverse ETF outflows, while persistent inflation may deepen the sell-off. Traders should monitor on-chain flows and ETF data daily for early signs of trend reversal.
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