Bitcoin, Ethereum, and XRP all opened the week with modest gains, but the larger message from the market was hesitation rather than enthusiasm. Spot ETF redemptions have returned, and that has kept price action restrained even as each asset tries to stabilise at an important round number.
Fresh ETF Redemptions Temper the Tone
Bitcoin spot ETFs were hit with a notable wave of selling last week, losing $390 million through Friday. That is a sharp reversal from stronger periods of accumulation, and it fits a broader backdrop of cautious trading across digital assets.
Even so, the longer-term picture has not broken down. Cumulative net inflows still stand at $51.79 billion, while total net assets sit at $76.61 billion. Those figures show that institutions have not abandoned the asset class; they are simply stepping back from aggressive buying for now.
Ethereum also lost momentum on the flow side, although the setback was much smaller. Spot ETH products recorded $2.26 million in outflows, ending a five-week run of positive inflows. The shift is more symbolic than severe, but it does suggest that traders are no longer chasing strength with the same urgency.
XRP was the exception. Its spot ETFs pulled in $2.25 million in fresh inflows, extending a streak that now reaches five consecutive weeks. In a market where Bitcoin and Ethereum both cooled, XRP’s flow profile stood out as a pocket of selective risk-taking.
ETF flow data referenced in this article comes from SoSoValue.
Bitcoin Holds the Line, but the Chart Still Looks Heavy
Bitcoin is trading around $63,416, and the near-term setup remains under pressure because price is still below every major moving average on the chart. The 50-day EMA is near $64,317, the 100-day EMA is at $66,393, and the 200-day EMA is much higher at $72,390. That stack leaves BTC facing resistance at almost every step upward.
Momentum indicators do not yet point to a clean recovery. The daily Relative Strength Index sits near 46, which is weak but not deeply oversold, while the Moving Average Convergence Divergence reading remains below zero. Together, those signals suggest that the latest rebound has not yet gathered enough force to change the broader tone.
A cleaner breakout would need a daily close above the $64,317 to $64,850 area. That zone combines the 50-day EMA with the broken descending trendline, so it is the first real test for bulls. If price can clear it, the next upside targets would be the 100-day EMA near $66,393 and then the 200-day EMA near $72,390.
On the downside, the most important short-term support is the SuperTrend line at $61,291. If that level gives way, Bitcoin could slip into a deeper retracement and invite another round of selling pressure.
What On-Chain Data Is Suggesting
Market structure is only one part of the story. Santiment reported that exchange balances rose to 18,000 BTC last week, up from 4,200 BTC the week before. That kind of jump usually matters because coins moved onto exchanges are easier to sell quickly.
In practical terms, more exchange supply tends to weaken the argument that holders are in strong accumulation mode. Santiment’s reading was straightforward: the buyers who stepped in during earlier panic were not the main force this time, and that leaves the market more exposed to additional supply.
This does not guarantee a large decline, but it does help explain why Bitcoin has struggled to build on its recent bounce. When coins are flowing back to exchanges, confidence is usually better described as tentative than committed.
Ethereum and XRP Are Sending Different Signals
Ethereum is in a better technical position than Bitcoin, but it still has work to do. ETH trades near $1,894, which places it above the 50-day EMA at $1,868 and above the SuperTrend support near $1,769. At the same time, it remains below the 100-day EMA at $1,918 and well under the 200-day EMA at $2,108.
That setup points to stabilisation rather than full recovery. The RSI near 53 is mildly constructive, yet the negative MACD reading shows that upside momentum is still fragile. If Ethereum can close above $1,918, the door opens toward the 200-day EMA, where sellers are likely to defend the trend.
XRP, by contrast, remains the most fragile of the three on price alone. It is trading at $1.00 and remains below both its moving averages and its active SuperTrend line. The descending resistance trendline still matters, and the key break level sits at $1.01.
Below that threshold, the market keeps leaning in favour of sellers. XRP’s RSI near 37 remains firmly bearish, and the MACD is still negative. A move above $1.01 would improve the picture and could carry price toward the SuperTrend area near $1.07 and then the 50-day EMA at $1.08, but until that happens, the parity level remains the line that matters most.
How Traders May Read the Week Ahead
- Bitcoin is trying to hold support, but the technical ceiling above spot remains thick, and exchange inflows hint at persistent selling interest.
- Ethereum has regained short-term stability, yet it still needs a convincing close above $1,918 to shift from defence to recovery.
- XRP is the odd one out, because its ETF inflows are improving even while its chart continues to lag the others.
The broader takeaway is simple: the market is stabilising, but it is not convincingly reversing. Fund flows have cooled, price levels remain tightly watched, and the next directional move will likely depend on whether buyers can reclaim lost technical ground before sellers regain full control.