Bitcoin trades around 113,700 USD, unable to break above the 115,000 USD resistance. Investor sentiment remains pessimistic largely due to bearish market trends and significant ETF outflows.
On August 19, Bitcoin ETFs faced 523 million USD in outflows, adding to a loss of 192 million USD on Thursday. Ethereum shows a 28% drop in active addresses since late July, reflecting cautious retail participation.
XRP and Solana reflect Bitcoin’s weaknesses, both declining over 6% recently. Analysts point to macroeconomic pressures affecting market sentiment, suggesting that the current positioning may indicate a broader trend shift.
Leave a Reply