Market analysts highlighted a resilient Bitcoin (BTC) trading near $120,000 amid persistent buyer pressure, with bears failing to drive the price below $115,000. Despite a $131.35 million net outflow in spot BTC ETFs on Monday, the 12-day inflow streak of $6.6 billion signals sustained accumulation. Ether (ETH) saw record inflows of $2.12 billion in exchange-traded products, reflecting growing institutional interest. Major altcoins, including XRP, BNB, SOL, DOGE, ADA, and HYPE, advanced on bullish momentum, suggesting the market is entering an altseason phase where smaller cryptocurrencies outperform the broader market.
The S&P 500 Index (SPX) rebounded above its 20-day EMA (6,218) on Wednesday, with buyers eyeing the 6,500 resistance level. Upsloping moving averages and an overbought RSI indicate bullish control, though a breakdown below the 6,147 support could trigger a pullback…
