The market has still not broken free from the trading range, and the battle between bulls and bears is intense, but its core logic has not changed at all - any rebound in a downtrend is just a carefully disguised bull trap! Every seemingly strong surge is just gathering strength for the next more violent fall; this is by no means a prelude to a reversal. Now is definitely not the time to bottom fish, a rebound is a good opportunity to short, firmly aim for high shorts, looking down at 95000! #BTC #ETH #GateWeb3LaunchpadBOB上线 #广场发币瓜分千U奖池 #加密市场回调

Cryptocurrencies today: Bitcoin, Ethereum, and XRP maintain their stability as ETF flows resume. The price of Bitcoin settled above $101,000 on Friday amid a resumption of exchange-traded fund inflows. Ethereum remains above the $3300 level, supported by steady demand from retail and signs of a return of institutional interest. XRP defends the support level of $2.18, but the Death Cross pattern highlights a weak technical structure. The price of Bitcoin (BTC) settled above $101,000 at the time of writing this report on Friday, amid improved sentiment in the broader cryptocurrency market, with institutional demand returning. At the same time, altcoins, including Ethereum (ETH) and XRP (XRP), are stabilizing above short-term support levels. - Data in the Spotlight: Stability of Bitcoin and Ethereum with the Return of Institutional Demand and Fragmentation Bitcoin exchange-traded funds (ETFs) resumed their inflows after six consecutive days of decline. According to SoSoValue data, U.S. Bitcoin ETFs recorded inflows of approximately $240 million on Thursday, bringing the total inflows to $60.52 billion and their net assets to $135.43 billion. The IBIT fund managed by BlackRock led the net inflows, surpassing $112 million, followed by the FBTC fund managed by Fidelity with about $62 million, and then the ARKB fund managed by 21Shares with approximately $60 million. The resumption of flows into (ETFs) is a key indicator of improving sentiment in the cryptocurrency market. It is essential to monitor the performance of (ETFs) related to Bitcoin in the coming days to assess the growing institutional interest in them. Bitcoin Exchange-Traded Fund Statistics Chart | Source: SoSoValue Ethereum also witnessed small inflows from exchange-traded funds totaling approximately $12.5 million, raising the total net inflow to $13.91 billion and net assets to $21.75 million. Three of the nine exchange-traded funds listed in the United States recorded inflows, while one fund, (ETHE from Grayscale), experienced net outflows of $3.53 million. The rest of the exchange-traded funds did not see any inflows or outflows. Ethereum Exchange-Traded Fund Statistics Chart | Source: SoSoValue The retail demand for Ethereum has stabilized, with the average open interest at (OI) for futures reaching $38.96 billion on Thursday, up from $38.1 billion the previous day. This stability is crucial for boosting investor confidence, following a long wave of risk aversion since the debt reduction event on October 10. Furthermore, the steady increase in open interest indicates that investors are willing to return and increase their risk exposure. Ethereum Futures Open Interest Chart | Source: CoinGlass Meanwhile, retail demand for XRP remains significantly low, with the OI value of futures contracts settling at $3.37 billion on Thursday, down from $3.54 billion the previous day. The OI value has decreased by 69% from its peak of $10.94 billion in mid-July, after the price of XRP reached an all-time high of $3.66. Investors are not convinced of XRP's ability to recover and sustain its recovery in the short term. XRP Futures Open Interest Chart | Source: CoinGlass