Spot Etfs

The crypto market is trading near a closely watched resistance zone around $2.95T, while Bitcoin continues to meet selling pressure near $87K. ETF inflows have helped support sentiment, and Near Protocol remains a standout after a sharp monthly advance.

The crypto market is attempting to build a rebound near $2.87 trillion after last week’s dip, while Bitcoin has recovered into its recent stabilization range. Ethereum’s seventh straight week of gains is reinforcing bullish sentiment as traders watch whether broader digital assets can retest higher levels.

Bitcoin’s mempool transaction count has surged after the Coldcard wallet hack, highlighting a wave of coin movement across wallets and exchanges. BTC remains confined to its recent trading band as market participants weigh policy risk around the Clarity Act and pressure from real Treasury yields.

The S&P 500 and Nasdaq, when priced in bitcoin, have moved above their 200-week moving averages for the first time since 2012. The shift is prompting market participants to reassess whether bitcoin’s era of extreme outperformance versus equities is maturing into a slower, more institutional phase.

Bitcoin’s four-year halving pattern continues to shape market expectations, but past cycle data shows each major peak has delivered a smaller multiple than the last. With the next cycle peak expected in 2029, some market participants say calls for $300,000 to $500,000 may require a sharp break from the trend of maturing returns.

U.S.-listed bitcoin ETFs recorded $221.7 million in net inflows on Thursday, ending a bruising 10-day run of withdrawals. Fidelity’s FBTC led the rebound even as BlackRock’s IBIT posted an outflow.

XRP is defending the $1 level after a sharp drop in open interest cleared excess leverage from the market. At the same time, active addresses and spot ETF inflows are showing signs of renewed demand.