Ethereum's recent period of consolidation may be doing more than simply slowing price action. After a strong rally, ETH has entered a range-bound structure where buyers and sellers continue to battle for control, allowing the market to absorb gains and establish new support levels.
Spot Bitcoin ETF outflows have jumped sharply, and most traders aren't happy about it. But Santiment, the crypto analytics platform, basically flips that read on its head — calling the exodus a potential buying opportunity rather than a red flag.
A crypto analyst has said that almost everyone in the market has turned bearish on the Bitcoin price, as it continues to face heavy volatility following its last rejection near $83,000. However, while most market participants hold negative outlooks, this analyst holds a different view.