Bitcoin and Ethereum lost significant positions over the past weekend, returning to decline amid another military conflict between the U.S. and Iran. While attacks were ignored throughout the week, the recent heavy bombardments from both sides over the weekend caused traders to become anxious. Bitcoin is currently trading around $62,700, while Ethereum is targeting the level of $1,770.
One notable aspect of the past week is that the eight-week outflow streak has finally been broken, but the recovery has only covered a small portion of the losses. The turnaround mentioned by many in recent weeks is now reflected in the ETF flow numbers. Over the five trading days ending last Friday, U.S. spot Bitcoin and Ethereum ETFs collectively attracted $281.8 million, marking the first positive week since early May. Bitcoin ETFs collected approximately $197.4 million in net inflows, ending the eight-week series during which about $8.26 billion was withdrawn from the funds, the longest outflow streak since these products launched in January 2024. The last positive week before this was the one ending on May 8, with an inflow of about $622.7 million.
However, the intra-week dynamics show that the turnaround has been uneven and fragile. The week began with an inflow of $265.69 million on Monday, followed by a more modest addition of $21.44 million on Tuesday. On Wednesday and Thursday, investors withdrew a total of $180.16 million before funds recovered on Friday with an inflow of $90.44 million. Notably, the influx on Monday alone exceeded the total result for the entire week, highlighting the limited scale of the turnaround. Additionally, the Friday inflow was concentrated in just two products: BlackRock's flagship iShares Bitcoin Trust attracted $86.83 million, while VanEck's HODL added $3.61 million, whereas other Bitcoin funds showed no capital movement.
Ethereum ETFs also ended a record-long negative streak. Approximately $84.4 million was inflowed to ETFs, following a loss of about $1.20 billion over the previous eight weeks, equaling a previous record for the category set between late February and mid-April 2025.
However, it should be understood that, despite a return to positive flows, the recovery has only reclaimed a small portion of prior losses: Bitcoin ETFs regained about 2.4% of the capital lost over the eight negative weeks, while Ethereum funds recovered around 7%. Both asset classes remain in the red for the year.
As for short-term trading, the strategy and conditions are described below.
Bitcoin
Buy Scenario
Scenario #1: I plan to buy Bitcoin today upon reaching an entry point around $62,900 with a target for growth to the level of $63,500. At around $63,500, I intend to exit my buy positions and sell immediately on the bounce. Before buying on the breakout, ensure that the 50-day moving average is below the current price and that the Awesome oscillator is in the positive zone.
Scenario #2: I can also buy Bitcoin off the lower boundary at $62,500 if there is no market reaction to its breakout to the downside, targeting levels $62,900 and $63,500.
Sell Scenario
Scenario #1: I plan to sell Bitcoin today after reaching the entry point around $62,500 with a target for a drop to the level of $61,900. At around $61,900, I intend to exit my sell positions and buy immediately on the bounce. Before selling on the breakout, ensure that the 50-day moving average is above the current price and that the Awesome oscillator is in the negative zone.
Scenario #2: I can also sell Bitcoin off the upper boundary at $62,900 if there is no market reaction to its breakout to the downside, targeting levels $62,500 and $61,900.
Ethereum
Buy Scenario
Scenario #1: I plan to buy Ethereum today upon reaching an entry point around $1,785 with a target for growth to the level of $1,807. At around $1,807, I intend to exit my buy positions and sell immediately on the bounce. Before buying on the breakout, ensure that the 50-day moving average is below the current price and that the Awesome oscillator is in the positive zone.
Scenario #2: I can also buy Ethereum off the lower boundary at $1,772 if there is no market reaction to its breakout to the downside, targeting levels $1,785 and $1,807.
Sell Scenario
Scenario #1: I plan to sell Ethereum today after reaching an entry point around $1,772 with a target for a drop to the level of $1,747. At around $1,747, I intend to exit my sell positions and buy immediately on the bounce. Before selling on the breakout, ensure that the 50-day moving average is above the current price and that the Awesome oscillator is in the negative zone.
Scenario #2: I can also sell Ethereum off the upper boundary at $1,785 if there is no market reaction to its breakout to the downside, targeting levels $1,772 and $1,747.
