Bitcoin Rebounds to $88K as Mixed ETF Flows and Cautious Sentiment Grip Crypto Market Ahead of Postponed U.S. Macro Data
BTC/USDT
$23,298,561,101.23
$66,025.52 / $63,030.00
Change: $2,995.52 (4.75%)
-0.0012%
Shorts pay
Bitcoin resumed a measured ascent toward the high-$80,000s, trading near $88,000 as traders await a batch of postponed U.S. macro data. The range this week has been roughly $85,000–$89,150, with overall market capitalization near $3.07 trillion.
Ethereum steadied around $2,900 while Solana advanced about 6% to $136, aided by ongoing rotation into spot ETFs.
Bitcoin ETFs posted a $151 million net outflow, Ethereum ETFs drew $97 million, and Solana ETFs garnered $58 million in net inflows. Notably, Solana’s ETF inflows have persisted for 20 consecutive sessions, contrasting broader market tone. Across global crypto ETPs, weekly net outflows hit $1.9 billion, underscoring persistent sector headwinds. Timothy Misir, Head of BRN Research, observes that Bitcoin continues to function as the core risk-off proxy, while ETH and SOL rotations reflect a longer-term capital reallocation strategy.