coin-img-ETHETH-1.66%coin-img-BTCBTC-0.55%coin-img-SOLSOL-3.35%coin-img-USDCUSDC+0.03%coin-img-XRPXRP-3.51%coin-img-TRXTRX-0.46%coin-img-HYPEHYPE-7.78%coin-img-OPNOPN+6.31%coin-img-ETHETH-1.66%coin-img-BTCBTC-0.55%coin-img-SOLSOL-3.35%coin-img-USDCUSDC+0.03%coin-img-XRPXRP-3.51%coin-img-TRXTRX-0.46%coin-img-HYPEHYPE-7.78%coin-img-OPNOPN+6.31%coin-img-ETHETH-1.66%coin-img-BTCBTC-0.55%coin-img-SOLSOL-3.35%coin-img-USDCUSDC+0.03%coin-img-XRPXRP-3.51%coin-img-TRXTRX-0.46%coin-img-HYPEHYPE-7.78%coin-img-OPNOPN+6.31%coin-img-ETHETH-1.66%coin-img-BTCBTC-0.55%coin-img-SOLSOL-3.35%coin-img-USDCUSDC+0.03%coin-img-XRPXRP-3.51%coin-img-TRXTRX-0.46%coin-img-HYPEHYPE-7.78%coin-img-OPNOPN+6.31%
user-avatar
Olayiwola Dolapo

Bitcoin bottom still unclear as M2 ratio and U.S. ETF outflows stay bearish

Bitcoin (BTC) has remained range-bound between $59,000 and $63,000, with rebound momentum still limited. The BTC market-cap-to-global M2 ratio stands at 0.94%, and the analysis suggests it may need to drop further into prior bottom zones before a durable recovery forms. Meanwhile, U.S. spot Bitcoin ETFs have seen $5.568 billion in outflows since May 15, alongside a Coinbase Premium Index reading of -0.07 and rising exchange reserves.
BTC
BTC-0.60%
XRP
XRP-3.46%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
Technical Analysis