Spot Bitcoin ETFs in the US closed yesterday's trading day with an increase of $39 million. Grayscale saw outflows of $6.5 million, while Ark Invest received $18 million and Fidelity $11 million. There were no inflows or outflows in BlackRock. Ether spot ETFs ended the day with a loss of $20 million.
Puell Multiple, one of Bitcoin's key indicators, fell to 0.4, signaling potential market bottoms and long-term buying opportunities. However, CryptoQuant noted that this metric alone is not enough and should be evaluated in conjunction with other on-chain data and macroeconomic conditions.
At the time of writing, Bitcoin (BTC) is trading at $57,941 and Ethereum (ETH) is trading at $2,348.
The fear and greed index is at the fear level with “33”.
Important developments for the day:
Numeraire (NMR): V5 version will be launched.
