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Bitcoin Surges Above $61K Amidst Stagnant Net Inflows

  • Investor net inflows in the crypto market have remained stagnant, reaching $461 billion since August.
  • Bitcoin has surged above $61,000 with a nearly 6% gain in the past 24 hours.
  • Key resistance level to watch is $64,000, where 1.57 million addresses are holding Bitcoin at a loss.
  • TD Sequential indicator suggests a possible short-term correction for Bitcoin unless it maintains a candlestick close above $58,800.
  • A notable whale reemerges, selling 200 BTC worth $11.6 million after a five-month dormancy.
  • Bitcoin spot ETF flows show mixed results, with total net inflow of $12.9 million.

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