With a staggering $541.1 million in outflows, this event marks the largest movement out of Bitcoin ETFs since May, underscoring bearish sentiments
Bitcoin (BTC) ETFs are seeing massive outflows, but other assets like Sui (SUI) and Cybro (CYBRO) are experiencing an uptrend. Here's why some cryptocurrencies continue to see positive momentum.
Bitcoin (BTC) ETFs are experiencing significant outflows,underscoring bearish sentiments among investors as the cryptocurrency struggles to maintain momentum following a strong performance earlier this year. However, within the broader crypto market, interesting trends are emerging. Some assets, like SUI and CYBRO, are defying the downturn and attracting attention.
Bitcoin ETFs See Staggering Outflows, Countering Recent Inflows
According to data from ETF Trends,ასევე ცნობილია, როგორც ETF TINS,Bitcoin ETFs are seeing staggering outflows, reaching $541.1 million on Monday, August 22. This marks the largest movement out of Bitcoin ETFs since May and underscores bearish sentiments among investors as Bitcoin price struggles.
However, zooming out to the year-to-date (YTD) flows, the outflows total $1.8 billion, which is significantly lower than the staggering $11.5 billion inflows seen during the same period last year. This drastic shift in flows highlights the changing market dynamics and investors' cautious approach amid the ongoing crypto bear market.
SUI Surges Past $2 With Strong Upward Momentum
Sui (SUI) is an interesting asset in the crypto market, showing less short-term potential in the current market conditions. However, SUI has been exhibiting strong upward momentum recently.
Over the past week, SUI has risen by 9.70%, moving from $1.92 to trade within a range of $1.66 to $2.18. This growth follows a 10.81% increase over the last month, bringing the coin to a total gain of 92.46% in the last six months.
Both the 10-day and 100-day Simple Moving Averages are at $1.91, indicating stability in the price trend. With the Relative Strength Index at 61.83 and Stochastic at 87.33, the coin is nearing overbought territory, indicating strong buying interest.
The nearest resistance level is at $2.42, and if SUI breaks through, it could potentially rise to the second resistance at $2.95, representing an increase of approximately 35% from current levels. The support levels are at $1.36 and $0.84, providing a safety net for price corrections.
CYBRO Presale Surges Past $3.5 Million, Offering Potential for Future Returns up to 500%
In contrast to Bitcoin ETFs facing significant outflows, Cybro (CYBRO) is making headlines with impressive growth during its ongoing presale. The native token, $CYBRO, has surged by 250% since the presale launch, climbing from an initial price of $0.01 to $0.035.
As the presale funding crosses the $3.5 million mark, Cybro has quickly positioned itself as one of the market's most promising projects. Another 14% price increase is anticipated as the sixth presale stage concludes.
Built on the innovative Blast blockchain, Cybro offers advanced features that drive its appeal, including AI-powered investment strategies, effortless liquidity management, and top-tier yield farming opportunities designed to maximize APY for users of all levels.
With only 21% of the total tokens available in the presale and over 100 million already sold, Cybro presents early investors with the chance to secure a high-potential asset at a substantial discount—one projected to appreciate by 500% by the token generation event.
As Bitcoin struggles, Cybro's growth amid a bearish market exemplifies how innovative DeFi platforms are capturing investor interest and creating new paths to growth.
Join CYBRO and aim for future returns up to 500%.]
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article
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