Bitcoin Slips, Ether Climbs: Crypto ETFs Shift Gears
There are weeks when everything seems to smile on the market. And then there are those when the numbers fall like dead leaves, silently but gravely. Bitcoin ETFs, these open windows to the crypto universe for traditional investors, have experienced one of those weeks where enthusiasm has strayed. Three days were enough to sweep away momentum, pull back capital, and instill doubt. And as often happens, everything begins with a beautiful promise…
The recent stabilization of flows in Bitcoin ETFs, long awaited as a sign of market maturity, may ultimately disappoint. The hoped-for calm has turned into a sharp decline, shattering the illusions of bullish continuity. Where analysts saw a decisive turning point, the numbers tell a more unstable, even disorienting reality.
Wednesday was the kind of day where the numbers felt like spring. 221 million dollars flowed into Bitcoin ETFs. You could almost hear portfolio managers sighing with ease. BlackRock’s IBIT led the way, boasting +65.25 million, like a signal that the great return of institutional flows had begun. A few anecdotal withdrawals cast a shadow on the ledger, but nothing sufficient to steal the spotlight from this breath of fresh air. One started to dream.
The dream lasted only twenty-four hours. On Thursday, the numbers changed their attire. And not to a suit of light: nearly 100 million $ evaporated from the Bitcoin ETFs. Grayscale (GBTC) lost 60.2 million, Bitwise (BITB) 44.19 million, Fidelity (FBTC) 23.27 million, ARKB 20.05 million… Even the most discreet, like VanEck (HODL) and Wisdomtree (BTCW), had to bow. Volumes remained high (2.58 billion $), but net assets melted down to 92.18 billion $. The winter had not said its final word.
Friday was more discreet, but no less worrying. One of those days when you open the curtains and nothing happens. Zero influx. No new dollar in the 12 funds scrutinized. And yet, 65 million have left . Again GBTC, ARKB, and BITB in the crosshairs, like pillars that are slowly being eroded. And while interest faded, volumes jumped to 4.43 billion $, as if everything was happening behind the scenes. Silence on the surface, agitation in the aisles.
What we retain is not just the flight of capitals. It’s the rhythm, the repetition, the choreography. Wednesday the inflow, Thursday the outflow, Friday the absence. All against a backdrop of increasing volumes, as if the big operators were not fleeing… but simply changing rooms.
Behind these 165 million dollars vanished in three days, some see a voluntary pause, a form of strategic observation. A way for institutions to hold their breath before the major macro turns to come.
And while Bitcoin ETFs lost altitude, those linked to ether timidly recolored their curve. The fund EZET from Franklin Templeton recorded an inflow of 2.06 million dollars, breaking a series of daily withdrawals. Its trading volume jumped to 371.79 million $, and net assets slightly recovered to 6.16 billion $. An ounce of regained confidence in the Ethereum ecosystem, like a sign that not everything is turning red.
The tweet from @ali_charts punctuates this sequence with 700 BTC sold via ETF in a week. That’s a lot. And it’s not much. Because in terms of markets, everything is a matter of context… and tempo.
Bitcoin ETFs have not sunk, but they have wobbled. And this fragility, right in the heart of a cycle where they are supposed to open the doors of the crypto market to the general public , is thought-provoking. These products have become the bridge between the plush world of Wall Street and the wild lands of blockchain. They are supposed to reassure, streamline, and democratize. So when capital flows out, one wonders: is the bridge wobbling… or is it simply retreating to bounce back better?
Positive News Barrage Hits Solana: Analyzing ETF and PayPal Moves
Solana (SOL) regained focus Saturday, rising nearly 6% over 24 hours to trade near $120 as positive news developments converged on a critical technical support zone.
Futures market sentiment also turned decidedly bullish, with analyst Ali Martinez reporting 71.4% of Binance traders holding long Solana positions.
Fueling bullish sentiment, Grayscale Investments filed a registration statement with the SEC on Friday seeking to convert its Grayscale Solana Trust (GSOL) into a spot Solana ETF listed on NYSE Arca. This move mirrors Grayscale’s successful conversions for Bitcoin and Ethereum products.
Market observers consider Solana a strong candidate for eventual spot ETF approval, citing its established U.S. futures market and a perceived shift toward clearer crypto regulation. An approved ETF would offer traditional investors direct SOL exposure, opening up capital inflows.
Separately, payments giant PayPal updated its services to include full support for Solana (and Chainlink) within its PayPal and Venmo apps in the US. Users can now buy, sell and hold SOL directly, enhancing the token’s accessibility and utility on the platform.
Related: Will Solana Get Faster? Devs Propose Higher Block Transaction Limits
From a technical perspective, analyst Crypto Patel noted SOL is holding firm within a key Fibonacci support zone between $100–$115 . This area acted as a launchpad for significant rallies in the previous bull cycle.
Patel suggested that if this zone holds, accumulation could lead to a breakout confirmation above $186. Such a move could set the stage for retesting the previous all-time high near $296, with a potential longer-term Fibonacci-driven target near $1,011.
However, current indicators warrant some caution. The Relative Strength Index (RSI) hovers near 40.74, indicating weak momentum, with its gradient suggesting potential for near-term selling pressure despite the daily price gain. SOL also remains below its 20-day EMA resistance around $128.23.
Related: Top Trader Issues Solana Warning: Break Below $117 Could Trigger ‘Slow Bleed’
A clear break above the EMA is needed to strengthen the short-term bullish case suggested by the recent news flow and support hold.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Here’s What Can Trigger XRP’s Next 30% Surge: Analyst
TL;DR
The renowned crypto analyst Ali Martinez has outlined multiple times the importance of the $2 support for XRP’s future price movements. The asset tested it on a couple of occasions in the past month, dipping below it twice since March 11.
However, it ultimately withstood the pressure and helped XRP remain among the top performers since the US elections in early November. Moreover, Ripple’s token bounced off quite impressively after the March 11 crash and shot up to $2.6 within the next week.
That price surge transpired after Brad Garlinghouse, the company’s CEO, announced that the lawsuit against the SEC had effectively ended.
Since then, though, XPR has failed to recapture its momentum and slipped below $2 earlier this week, charting a 24% decline amid the escalating Trade War.
As mentioned above, the $2 support remained strong, and XRP now trades at $2.15. Martinez believes holding that level could serve as a propeller for the next leg up, which could push its price north by 30%.
However, he also highlighted a bearish scenario in which $2 is broken to the downside. In this case, the fourth-largest cryptocurrency by market cap risks dropping all the way down to $1.3 as there’s not much support between these two levels given XRP’s explosive surge in November and December last year.
Nevertheless, Martinez is overall predominantly bullish on XRP, as the TD Sequential also recently flashed a buy signal on the daily chart.
Whale Selling Pressures ADA Below $0.70: What to Expect April 2
Cardano (ADA) finds itself at a key technical moment, where it grapples with a prolonged resistance zone that has largely defined its market behavior since December 2024.
Priced near $0.6811 at press time (early April 2), ADA has seen an 11.03% decline over the past seven days, despite a small 0.44% gain in the last 24 hours. Its market cap stands near $24.5 billion with recent daily trading volume exceeding $620 million.
Cardano’s price action over the past few months showed a pattern involving failed breakout attempts and subsequent pullbacks near significant overhead price levels.
According to Dan Gambardello, a known crypto analyst, ADA’s current position is at a critical technical juncture. The resistance level he identifies between $0.72 and $1.24 is proving to be a major barrier for bulls currently.
Gambardello suggests that once ADA manages to break decisively above the $0.72 mark, the path toward the $1.24 upper target becomes much clearer technically. Such a move could signal the beginning of a new sustained bull market phase for Cardano. However, the price remains in consolidation mode below resistance until such a decisive breakout actually occurs.
Related: Cardano Founder to Share Stage with Donald Trump Jr. at Crypto Panel
Moreover, Cardano’s support structure is holding steady for now, with both the 100 EMA (blue) and 200 EMA (light blue) acting as key areas of price stability. These moving averages have proven to be reliable support levels during this consolidation phase.
The most recent daily price candle shows a slight bullish reversal attempt initiating from support levels. However, traders likely need confirmation of a clear breakout above the $0.72 resistance area for the rally to gain significant upward momentum.
Despite some tentatively positive chart signs like holding EMA support, Cardano’s price action remains under pressure. This appears partly due to significant recent selling activity observed on the blockchain.
On-chain data from Santiment, highlighted earlier by analyst Ali Martinez, revealed whales recently sold off approximately 200 million ADA tokens.
This large selling volume has likely been a key factor preventing a stronger price recovery for ADA so far. Historical data often suggests such large whale transaction flows can trigger further downward price momentum, unless strong new buying pressure quickly emerges to absorb the selling effect.
Related: Hoskinson to Cardano Critics: Where’s the Proof of “No Achievements”?
Currently, Cardano’s price hovers near the $0.68 mark. Importantly, it holds above the crucial $0.60 longer-term support level also watched by Martinez.
If ADA fails to reclaim the $0.70 to $0.80 range relatively soon, Martinez previously warned it could potentially see a sharp decline, possibly falling toward his identified $0.31 technical downside target.
However, ADA’s current resilience above the $0.60 support level suggests a price recovery remains technically possible, provided significant buying interest returns to the market soon.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.