Galxe

The Crypto Fear & Greed Index has returned to flash “Greed” as Bitcoin has remained steady above $90,000 over the past two days.

The ETF is waiting for US regulatory approval alongside roughly 70 other proposed crypto funds.

Traders say ETH price fell to a “generational bottom,” but historical and network activity data suggest that this is not the case.

The new fund aims to offer institutions yield on digital assets, including Bitcoin, Ether and Solana.

Bitcoin long-term holders held steady as BTC price responded to multiple narrative catalysts during a “fairly normal” 30% correction.

Ethereum accumulation addresses saw record historic inflows as ETH price fell to $1,400, but weak DeFi activity and a long-term downtrend challenge the chance of a bullish recovery.

Bitcoin bears are at risk of deep losses as soaring inflows to the spot BTC ETFs highlight the return of institutional investor demand.

Bitcoin could liquidate a large block of leveraged shorts with a trip above its yearly open, but BTC price dip expectations are building as traders eye $87,000.