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Crypto Finds Its Footing As ETF Outflows Ease, XRP Leads A Cautious Rebound
(MENAFN- The Rio Times) Bitcoin steadied around $103,000 this morning after a bruising start to the week, as the torrent of redemptions from U.S. spot-Bitcoin ETFs appeared to slow overnight.
The worst outflow day hit on Tuesday; by Wednesday the bleed looked smaller and more mixed across issuers, taking pressure off spot books and giving shorts a reason to cover.
The result was a modest risk reset across majors: Ether climbed to roughly $3,375, Solana hovered near $159, and Binance Coin held just under $1,000.
The day's clear outperformer was XRP, buoyed by news of fresh corporate financing that traders read as balance-sheet strength and runway for deals.
That headline support helped XRP outpace both Bitcoin and Ether. Elsewhere, move-of-the-day theatrics clustered in thinly traded tokens-outsized winners and losers that say more about liquidity and speculation than fundamentals.
Under the surface, the story of the past 24 hours was a textbook cleanup of leverage. After several sessions of heavy ETF outflows and forced long liquidations, funding cooled and basis tightened.
Bitcoin steadies near $100K as charts hint at momentum recovery
Market-making desks framed the softness as a distribution and liquidity issue rather than a deterioration in macro. It's a view with resonance in more market-oriented circles, which prefer discipline through capital flows over interventionist quick fixes that often mask risk.
The charts agree with the fundamentals. On the four-hour view, Bitcoin bounced off the lower Bollinger band, MACD is curling higher, and RSI shows mild bullish divergence-evidence of a momentum trough.
On the daily chart, price remains below key moving averages, but the structure favors range reversion while $100,000–$101,000 holds. A clean daily close above $106,000–$107,000 would be the signal that the corrective phase is giving way to a sturdier advance.
For today, watch three markers: the next ETF flow print in New York hours, Bitcoin's $100,000 floor, and whether Ether and Solana extend relative strength on green Bitcoin days.
Conservative, rules-based investors will want confirmation from flows before leaning in; the exuberance in smaller tokens is best treated as noise until liquidity deepens and real catalysts arrive.
The worst outflow day hit on Tuesday; by Wednesday the bleed looked smaller and more mixed across issuers, taking pressure off spot books and giving shorts a reason to cover.
The result was a modest risk reset across majors: Ether climbed to roughly $3,375, Solana hovered near $159, and Binance Coin held just under $1,000.
The day's clear outperformer was XRP, buoyed by news of fresh corporate financing that traders read as balance-sheet strength and runway for deals.
That headline support helped XRP outpace both Bitcoin and Ether. Elsewhere, move-of-the-day theatrics clustered in thinly traded tokens-outsized winners and losers that say more about liquidity and speculation than fundamentals.
Under the surface, the story of the past 24 hours was a textbook cleanup of leverage. After several sessions of heavy ETF outflows and forced long liquidations, funding cooled and basis tightened.
Bitcoin steadies near $100K as charts hint at momentum recovery
Market-making desks framed the softness as a distribution and liquidity issue rather than a deterioration in macro. It's a view with resonance in more market-oriented circles, which prefer discipline through capital flows over interventionist quick fixes that often mask risk.
The charts agree with the fundamentals. On the four-hour view, Bitcoin bounced off the lower Bollinger band, MACD is curling higher, and RSI shows mild bullish divergence-evidence of a momentum trough.
On the daily chart, price remains below key moving averages, but the structure favors range reversion while $100,000–$101,000 holds. A clean daily close above $106,000–$107,000 would be the signal that the corrective phase is giving way to a sturdier advance.
For today, watch three markers: the next ETF flow print in New York hours, Bitcoin's $100,000 floor, and whether Ether and Solana extend relative strength on green Bitcoin days.
Conservative, rules-based investors will want confirmation from flows before leaning in; the exuberance in smaller tokens is best treated as noise until liquidity deepens and real catalysts arrive.
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