Investors Pour Into Bitcoin ETFs for 8th Straight Day | ETF News

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Bitcoin exchange-traded funds (ETFs) continued their inflow streak on Monday, raking in over $500 million in fresh capital and marking seven consecutive days of positive flows. 

The sustained momentum reflects the resurgence in investor appetite for BTC exposure through regulated investment vehicles, even amid broader market volatility.

BTC ETFs See Steady Inflows

On Monday, BTC spot ETFs attracted fresh investor demand, recording $591.29 million in net inflows and extending their winning streak to a seventh consecutive day. This happened as the leading coin sought stable support above the $94,000 price. 

Once again, BlackRock’s iShares Bitcoin Trust (IBIT) led the charge, recording the largest inflow among its peers. The fund saw inflows totaling $970.93 million, bringing its total cumulative net inflows to $42.17 billion.

ARKB, the BTC spot ETF managed by Ark Invest and 21Shares, recorded the largest net outflow yesterday. On Monday, $226.30 million exited the fund. Despite this setback, ARKB’s total historical net inflow remains at $2.88 billion.

Rising Open Interest and Bearish Options Sentiment Set the Stage

Open interest across BTC’s futures market has risen by 2% over the past day, signaling an increase in outstanding futures contracts. The coin’s price has noted a modest 0.14% uptick during the same period.

A rise in open interest indicates that more traders are opening new positions rather than closing existing ones. This bullish signal can strengthen BTC’s price rally in the short term. 

Meanwhile, as of this writing, BTC’s funding rate is 0%, indicating a balanced market between long and short positions. A neutral funding rate like this suggests no immediate dominance by bulls or bears in the coin’s perpetual futures market. 

This reduces the likelihood of sudden liquidations, meaning any major price movement would likely need fresh momentum rather than being triggered by leverage-driven squeezes.

However, the sentiment among BTC options traders is clear. Today’s high demand for puts indicates a more cautious or bearish outlook among BTC options traders. 

The growing interest in these bearish contracts suggests that many investors anticipate a potential pullback in BTC’s price, despite the recent inflows into Bitcoin ETFs.

Until a clear breakout or breakdown occurs, BTC may continue to consolidate within the narrow range.

The post Bitcoin ETFs Celebrate a Week of Wins, But Trouble Brews in the Derivatives Market | ETF News appeared first on BeInCrypto.

Hedera’s HBAR has bucked the broader market dip to record a slight 1% rally over the past 24 hours. As of this writing, the altcoin trades at $0.17. 

This upward movement comes amidst signs of a resurgence in new demand for the altcoin, as highlighted by key technical indicators on the daily chart.

HBAR Bullish Trend Gains Strength

Readings from HBAR’s Moving Average Convergence Divergence (MACD) reveal that on April 9, the token’s  MACD line (blue) climbed above its signal line (orange), forming a “golden cross.”

A golden cross occurs when the MACD line crosses above the signal line, signaling a potential bullish trend and increased buying pressure. This confirms that HBAR’s upward momentum is gaining strength, especially as investors commonly view this pattern as a buy signal.

Moreover, as of this writing, HBAR’s Relative Strength Index (RSI) is poised to break above the 50-neutral line, highlighting the spike in fresh demand for the altcoin. It is currently at 49.17 and remains in an uptrend.

The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.

At 49.17 and climbing, HBAR’s RSI signals a gradual shift from bearish territory into a more neutral zone. If the altcoin’s RSI continues to rise above 50, it would signal increasing bullish sentiment, driving up HBAR’s value. 

HBAR Eyes $0.19 Amid Strong Buying Pressure

HBAR’s surge over the past day has pushed its price above the key resistance formed at $0.16, which has kept the token in a downtrend since March 30.

With growing buying pressure, the token could flip this zone into a support floor. If successful, it could propel HBAR’s price to $0.19.

However, if traders resume profit-taking, HBAR’s current rally would halt, and the token’s price could fall below $0.16 and decline toward $0.12. 

The post Hedera (HBAR) Surges as Demand Reignites Hopes of a Price Bounce appeared first on BeInCrypto.