Key takeaways
- Bitcoin reclaimed the $90,000 band and trades near $91,000 as spot ETF flows returned small net inflows.
- Ethereum led flow activity with $61 million of spot ETF inflows, marking four straight days of positive demand.
- Macro prints are benign: initial jobless claims eased to 216,000 and the Beige Book shows cooling activity; policy ambiguity remains.
- On-chain indicators show retail pain but selective accumulation: USDT flow dynamics and institutional buys are reducing immediate downside risk.
- Range to watch: $84,000–$95,000; a sustained break above $95,000 would signal tactical recovery, while losses below $84,000 deepen capitulation risk.
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