Bitcoin returned to the vicinity of $6.35 million on Monday, but the arrangement has not changed for almost a month. Since mid-July, the BTC has largely maintained a shock of between $6.23 million and $6.65 million, synchronizing trade and price fluctuations, and the market has become concerned about the near end of this period of calm.

The U.S. F.E.F. continues to flow.

SoSoValue data show that US real bitcoin ETF combined net outflows last week of $389.71 million, reflecting the continued cautiousness of institutional funding. If this week continues, the spot market may be under greater pressure, and the BTC may be testing the bottom-up.

  • Net one-week outflows of $389.7 million
  • BTC currently has between $6.23 million and $6.65 million in major sectors
  • Monday prices are roughly $6.33 million to $6.35 million.

Trade volume and options fluctuations

10xResearch notes on Monday that the volume of transactions in the encrypted market is significantly lower than it was before, and that bitcoin has entered one of the narrowest trade zones in recent months. Historically, similar low-volatilization periods are usually not expected to last for too long, often followed by more visible price changes.

The options market has also released similar signals. Bitcoin implied volatility has fallen to historically low levels, indicating that options traders currently expect limited price volatility. However, in the context of ETF outflows, the continued withdrawal of the stable currency, and Strategy ' s becoming a net seller for four consecutive weeks, the market ' s vigilance over subsequent increased volatility has not diminished.

$6.23 million remains critical support

In terms of short-line structure, bitcoin is still weak and prices are not yet on the critical average. The report mentions that $6.23 million below is the most important supporting position at the moment, and that once the twilight line breaks, it may end and prices fall further to the lower point of the year near $578 million.

The upper resistance was first located on the 50-day average of approximately $64.313 million, with a higher concentration around the 100-day average of $6.639.2 million and $6.65 million. If prices continue to be under pressure in these positions, the rebound may still be subject to a sale; a short-line break-through is expected to take hold.