Bitcoin ETFs have just registered their second highest entry day, because institutional interest on BTC continues to rise after the new peak of the flagship Crypto on Monday.
Summary
- Bitcoin ETFs attracted $ 1.19 billion in net entry on October 6.
- BlackRock’s IBIT led with $ 969.95 million, followed by FBTC from Fidelity and Bitwise’s BITB.
- Bitcoin Price has support for $ 122,000 and can rise to $ 127,000 and $ 128,500 if the positive sentiment remains.
Bitcoin ETFs have registered the second highest day as a positive sentiment swarm the crypto market and the BTC price applies above $ 124,000. The rally indicates a wave of renewed investor interest in the middle of the Bullish Momentum of October.
According to facts The American Bitcoin (BTC) spot ETFs from Sosovalue on October 6 $ 1.19 billion in total net intake. This marks the highest so far this month, and the second highest since their debut.
Blackrock’s IBIT led the inflow charts with around $ 970 million. In the meantime, the FBTC from Fidelity and Bitwise BITB followed with $ 112.3 million and $ 60.1 million respectively. On the other hand, four of the 11 approved ETFs did not register, including GBTC, Ark & 21Shares from Grayscale, Arkb, Brrr van Valkryrie and the Defi van Hashdex.
The funds are now locked in a six -day intake streak, a total of more than $ 4.43 billion as the institutional sentiment strengthens.
Bitcoin ETF inflow rises as the price retains
The strong intake into the American listed funds is because the price of Bitcoin has risen in recent days. The Crypto king rose on Monday to a new peak of $ 126,198 as the whale recording increased.
Despite a small pullback, BTC continues to consolidate the above important support at $ 124,000. At the time of writing, it actively acts at $ 124,309, around 9.2%, on the week.
Momentum indicators blink mixed signals. The relative strength index (RSI) has been transferred to overbough area on 71.29, which indicates a potential break or small correction. The MACD histogram remains positive, although a light flattening suggests that the fading bullish momentum.
When bulls break and get closer above $ 125,000, the eyes shift to $ 127,000 and $ 128,500 as the following goals. However, if consolidation deepens, $ 122,000 stands out as an important support zone to view, in accordance with previous outbreak levels.
