Technical Analysis:
Bitcoin is currently trading near daily and 4H FVG, If we see any displacement in price to the uspide on retracement of that move we can look for entering to the buy side and target equal highs or 65000-66000 zone.
Fundamentals:
Spot Bitcoin ETFs in the US saw an aggregate inflow of $202.6 million on Monday, Aug. 26, according to preliminary data from Farside Investors.
This marks the second-largest day of inflows for the month and the eighth consecutive day in green for the investment products.
Additionally, 12 of the past 14 trading days have seen positive flows for thespot Bitcoin ETFsdespite the underlying asset failing to move higher.Bitcoin ETFs Still Popular
The BlackRock iShares Bitcoin Trust (IBIT) led the pack with its largest daily inflow since July 22 with $224 million inflows. The Franklin Bitcoin ETF (EZBC) and the WisdomTree Bitcoin Fund (BTCW) were the only other two funds to see net inflows of $5.5 million and $5.1 million, respectively.
ETFs from Fidelity, Bitwise, and VanEck had a total net outflow of $32 million together. Meanwhile, Grayscale’s two ETFs, GBTC and BTC, had net zero flows for the day.
Disclaimer: Trading carries risk. Practice effective risk management and consider your risk tolerance before trading.
