Bitcoin Holds Steady as Ethereum Sees Inflows: Market Positioning Analysis

Bitcoin recovered toward $78,000 after a brief dip to $76,700 following recent inflation data, with QCP Capital noting that the market has largely priced in a 25-basis-point rate hike. While spot Bitcoin ETFs saw $462.7 million in net outflows for the week, Ethereum ETFs recorded nearly $197 million in net inflows, highlighting a divergence in investor positioning. Bitcoin currently trades between $75,000 support and $80,000 resistance, while Ethereum faces resistance at $2,500. Traders are maintaining hedges as volatility remains relatively low.