Bitcoin continues to trade around $60,000, at risk of continuing the bear market at any moment. Ethereum also showed nothing significant yesterday to break the downward trend, and is currently trading at $1,587.

It is worth noting that last week was the worst for spot Bitcoin ETFs since February 2025. Net outflows reached $1.79 billion, effectively equating it to the most challenging periods of a seven-week capital flight series. Ethereum ETFs lost $273.3 million, continuing their draining streak. In total, around $7.8 billion has exited Bitcoin ETFs over the past seven weeks, and last week only exacerbated this statistic. The final touch was another transfer from BlackRock: the largest asset manager sent 7,432 BTC, worth $446.4 million, and 8,150 Ethereum, worth $12.9 million, to Coinbase Prime. Such transfers have become almost a weekly occurrence, and the market interprets each as clear preparation for a sale.

Against the backdrop of general capital flight, HYPE stands out, continuing to operate on its own rules. An inflow of $111.4 million makes it the undisputed leader of the week, practically the only asset with a truly significant positive result. XRP attracted $22.99 million, which also deserves attention against the gloomy backdrop. The rest of the picture is dismal: SOL lost $1.81 million, LINK declined by $220,000, and DOT, HBAR, AVAX, LTC, BNB, and DOGE showed zero flows.

The resilience of HYPE over several consecutive weeks, regardless of the broader market sentiment, has become one of the main mysteries of the current market: while institutional capital is fleeing Bitcoin and Ethereum, this asset consistently attracts tens of millions of dollars in inflows week after week.

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 $59,600, targeting growth to $60,400. At around $60,400, 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 in the area above zero.

Scenario #2: You can buy Bitcoin from the lower boundary of $59,300 if there is no market reaction to its breakout in the opposite direction back to the levels of $59,600 and $60,400.

Sell Scenario

Scenario #1: I plan to sell Bitcoin today once it reaches an entry point around $59,300, targeting a drop to $58,600. At around $58,600, 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 in the area below zero.

Scenario #2: You can sell Bitcoin from the upper boundary of $59,600 if there is no market reaction to its breakout in the opposite direction back to the levels of $59,300 and $58,600.

Ethereum

Buy Scenario

Scenario #1: I plan to buy Ethereum today at an entry point around $1,595, targeting growth to $1,610. At around $1,610, 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 in the area above zero.

Scenario #2: You can buy Ethereum from the lower boundary of $1,582 if there is no market reaction to its breakout in the opposite direction back to the levels of $1,595 and $1,610.

Sell Scenario

Scenario #1: I plan to sell Ethereum today once it reaches an entry point around $1,582, targeting a drop to $1,564. At around $1,564, 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 in the area below zero.

Scenario #2: You can sell Ethereum from the upper boundary of $1,595 if there is no market reaction to its breakout in the opposite direction back to the levels of $1,582 and $1,564.