Bitcoin continues to trade around $60,000, at risk of continuing the bear market at any moment. Ethereum has also recovered slightly but remains under pressure, trading at $1,575.

Meanwhile, investors have continued to withdraw funds from spot Bitcoin ETFs for seven consecutive weeks, with total outflows reaching $7.8 billion during this period. Last week alone saw a net outflow of $1.8 billion, which mirrors the figures from the worst weeks in the series. Seven weeks without a single positive result make this one of the longest outflow streaks in the history of spot Bitcoin ETFs. This is no longer a reaction to a specific event but rather a persistent structural trend in which institutional investors methodically reduce their positions in the leading crypto asset, regardless of short-term price fluctuations.

The seven-week statistics align well with the picture we have been observing in real-time week after week. Galaxy Research previously recorded a historic 30-day outflow of $6.35 billion, and the continuation of this series has only exacerbated that figure. Throughout this period, BlackRock systematically transferred assets to Coinbase Prime, adding pressure to prices. Each of these events describes the same process from different angles: large capital is leaving Bitcoin, and nothing seems capable of stopping this flow.

The collection of factors remains unfavorable for a reversal. The Federal Reserve, under Waller's leadership, has issued a strong signal with no rate cuts expected until the end of 2026. The Iranian ceasefire remains inconclusive after both sides exchanged fire again over the weekend.

All this suggests that the current seven weeks of outflows totaling $7.8 billion are either a prolonged prelude to a deeper decline or the capitulation process after which, historically, a new cycle begins.

Regarding short-term trading, the strategy and conditions are outlined below.

Bitcoin

Buy Scenario

Scenario #1: I plan to buy Bitcoin today at an entry point around $60,300, aiming for growth to $61,200. Around $61,200, I will exit the buy positions and sell immediately on the pullback. Before buying on the breakout, ensure that the 50-day moving average is below the current price and that the Awesome indicator is above zero.

Scenario #2: You can buy Bitcoin from the lower boundary of $59,800 if there is no market reaction to its breakout in the opposite direction back to the levels of $60,300 and $61,200.

Sell Scenario

Scenario #1: I plan to sell Bitcoin today once it reaches an entry point around $59,800, aiming for a drop to $58,700. Around $58,700, I will exit the sell positions and buy immediately on the pullback. Before selling on the breakout, ensure that the 50-day moving average is above the current price and that the Awesome indicator is below zero.

Scenario #2: You can sell Bitcoin from the upper boundary of $60,300 if there is no market reaction to its breakout in the opposite direction back to the levels of $59,800 and $58,700.

Ethereum

Buy Scenario

Scenario #1: I plan to buy Ethereum today at an entry point around $1,587, aiming for growth to $1,607. Around $1,607, I will exit the buy positions and sell immediately on the pullback. Before buying on the breakout, ensure that the 50-day moving average is below the current price and that the Awesome indicator is above zero.

Scenario #2: You can buy Ethereum from the lower boundary of $1,571 if there is no market reaction to its breakout in the opposite direction back to the levels of $1,587 and $1,607.

Sell Scenario

Scenario #1: I plan to sell Ethereum today at an entry point around $1,571, aiming for a drop to $1,548. Around $1,548, I will exit the sell positions and buy immediately on the pullback. Before selling on the breakout, ensure that the 50-day moving average is above the current price and that the Awesome indicator is below zero.

Scenario #2: You can sell Ethereum from the upper boundary of $1,587 if there is no market reaction to its breakout in the opposite direction back to the levels of $1,571 and $1,548.