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May 1, 2025

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Ready To Level Up Your Options Trading?

Stock 1 Min Read

Grow your trading account using proven options strategies, right from your StockCharts ChartLists, with the help of this powerful educational webinar!

In this session, Tony Zhang, Chief Strategist of OptionsPlay, will show you how to:

  • Scan your ChartLists for top-performing trade setups
  • Identify income-generating and directional opportunities
  • Use OptionPlay’s real-time Strategy Explorer to rank and compare trades
  • Align technical analysis with the best options strategies—covered calls, credit spreads, and short puts—for smarter, more confident trades

Whether you’re a seasoned trader or just getting started with options, this session is packed with actionable insights to help you trade with purpose and precision.

This video premiered on April 29, 2025.

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Stock

Sector Rotation + SPY Seasonality = Trouble for Bulls?

Stock 1 Min Read

In this video, Julius analyzes current asset class rotation, revealing why stocks in the lagging quadrant may signal continued market weakness. By combining sector rotation trends—particularly strength in defensive sectors—with SPY seasonality, Julius builds a compelling case that downside risk in the S&P 500 may outweigh upside potential in the current environment.

This video was originally published on April 30, 2025. Click on the icon above to view on our dedicated page for Julius.

Past videos from Julius can be found here.

#StayAlert, -Julius

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Stock

The SCTR Report: Why PLTR Stock Remains a Top Contender in a Volatile Market

Stock 4 Mins Read

Thursday’s market rout, triggered by the grim arithmetic of a negative first-quarter GDP, hardly provides fertile ground for a ‘risk-on’ appetite. Yet some stocks continue to defy the mood, climbing despite the volatility and uncertainty weighing on investor sentiment.

One such stock is Palantir Technologies, Inc. (PLTR), which has consistently ranked in or near the Top 10 Large Cap stocks on the StockCharts Technical Rank  (SCTR) report since late 2024.

FIGURE 1. PLTR IN TOP POSITION. PLTR stock has been at or within the top 10 since late September 2024.

Palantir Technologies (PLTR) is a software company that helps governments and businesses analyze and act on big data. It blends human decision-making with AI, making it a go-to for national security, defense, and enterprise operations.

Why Palantir May Be Tariff-Proof

Unlike typical analytics tools, Palantir combines human insight with AI, so people stay in control while getting help from powerful machines. That balance has made it a trusted choice for just about everything from national security to big business.

So, how does Palantir fit into today’s tariff environment? Here are a few key points:

  • Tariff-Proof Tech. Since Palantir sells software, not physical goods, it’s mostly insulated from tariffs and global supply chain drama.
  • Stable Government Money. Over half of its revenue comes from government contracts, and most of it is from the U.S., offering a steady income stream even when markets get rocky.
  • Budget Watch. If the government tightens its belt, especially through efficiency initiatives (think DOGE), Palantir’s federal dollars could take a hit.

Looking ahead, analysts generally see strong growth for the company in governmental and commercial sectors.

PLTR Stock’s Weekly Chart: A Long-Term Perspective

Let’s take a long-term view of PLTR’s price action, starting with the weekly chart.

FIGURE 2. WEEKLY CHART OF PLTR STOCK. The stock is attempting to test its all-time high of $125.41.

This chart highlights PLTR’s dramatic climb from its 2022 slump to a parabolic uptrend, followed by a sharp pullback in 2025. The blue rectangles mark three early bullish signals—sustained SCTR readings above the 90 line. A well-timed buy setup based on those signals could have helped you catch the uptrend early.

Now, though, PLTR is trying to claw back the 99% gain it notched earlier in 2025. While analysts—and seemingly investors—remain bullish on PLTR’s long-term outlook, its stretched valuation and the broader market’s volatility make the risks impossible to ignore.

PLTR Stock’s Daily Chart: Rangebound or Poised for a Breakout?

Shifting over to a daily chart, after reaching $125 per share in February, PLTR plummeted due to defense budget cut fears, insider selling, and overvaluation concerns. But then in April, after hitting a low of $66.12, PLTR rallied strongly on easing trade tensions, new government deals, and renewed AI optimism.

FIGURE 3. DAILY CHART OF PLTR. Note the sharp decline in February and rally in April. What happened?

Year-to-date, PLTR stock’s intermediate-term trend remains unclear. On one hand, the wide range between its 2025 high and low suggests the stock may stay rangebound until a clear direction emerges. On the other hand, it’s hard to envision PLTR breaking above its recent high without a meaningful pullback first.

Momentum and volume indicators offer tempered, yet optimistic signals. The Relative Strength Index  (RSI) is approaching the 70 level, hinting at overbought conditions. Meanwhile, the Accumulation/Distribution Line (ADL) sits well above the current price, suggesting that sustained buying pressure could eventually push PLTR back toward all-time highs.

The Ichimoku Cloud, which helps visualize potential support and trend structure, points to a possible support zone around the $90 range. Lastly, the blue dotted line at $66 marks a key swing low—if PLTR closes below that level, it could spell trouble for the stock’s broader uptrend.

At the Close: Should You Buy Palantir Stock?

Well, everyone seems to be buying it, considering its 613.86 PE ratio, which, though indicating strong growth expectations, can also signal market euphoria—and that’s where caution comes in. If you’re planning to go long, it might be wise to wait for a pullback toward the support zone highlighted by the Ichimoku Cloud.

Also, keep an eye on its earnings date—May 5—which you can find in StockCharts’ Earnings Calendar. Political and geopolitical shifts are just as critical, having shaken markets throughout April and being likely to keep doing so.

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your personal and financial situation, or without consulting a financial professional.

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Stock

Master the 18/40 MA Strategy: Spot Trend, Momentum & Entry

Stock 1 Min Read

In this video, Joe demonstrates how to use the 18-day and 40-day moving averages to identify trade entry points, assess trend direction, and measure momentum. He breaks down four key ways these MAs can guide your trading decisions—especially knowing when to be a buyer. Joe also analyzes commodities, noting recent weakness, and highlights key technical levels to watch on the SPY, QQQ, and IWM. The session wraps with detailed viewer stock chart requests.

The video premiered on April 30, 2025. Click this link to watch on Joe’s dedicated page.

Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

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Investing

Crypto Market Recap: Grayscale Debuts New Bitcoin Product, Tether Announces US Expansion

Investing 6 Mins Read

Here’s a quick recap of the crypto landscape for Wednesday (April 30) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$93,992.22 as markets closed for the day, down 1.3 percent in 24 hours. The day’s range has seen a low of US$93,333.62 and a high of US$94,464.34.

Bitcoin performance, April 30, 2025.

Chart via TradingView.

Cryptocurrencies have fallen slightly after the US Department of Commerce revealed that US gross domestic product declined by 0.3 percent in Q1, in contrast to economists’ expectations for a 0.4 percent gain.

Wednesday’s reading marks the first decline since Q1 2022. “Multiple indicators are now showing a recession to be the base case expectation in 2025,” according to the Kobeissi Letter.

Ethereum (ETH) ended the day at US$1,782.75, a 1.9 percent decrease over the past 24 hours. The cryptocurrency reached an intraday low of US$1,750.28 and reached its daily high as the markets wrapped.

Altcoin price update

  • Solana (SOL) ended the day valued at US$145.18, down 2.5 percent over 24 hours. SOL experienced a low of US$141.31 and peaked at $145.61.
  • XRP traded at US$2.19, reflecting a 4.3 percent decrease over 24 hours. The cryptocurrency recorded an intraday low of US$2.15 and reached its highest point at US$2.20.
  • Sui (SUI) was priced at US$3.41, showing a decreaseof four percent over the past 24 hours. It achieved a daily low of US$3.32 and a high of US$3.46.
  • Cardano (ADA) was trading at US$0.6808, down 3.6 percent over the past 24 hours. Its lowest price on Wednesday was US$0.6711, with a high of US$0.6862.

Today’s crypto news to know

Grayscale launches Bitcoin Adopters ETF

On Wednesday, Grayscale announced the launch of the Grayscale Bitcoin Adopters ETF on the NYSE Arca under the ticker symbol BCOR. The fund is based on the Indxx Bitcoin Adopters Index.

The launch of this exchange-traded fund (ETF) represents the growing interest in Bitcoin among corporations. According to Rahul Sen Sharma, president and Co-CEO at Indxx, public companies’ Bitcoin holdings increased by 16.1 percent in the year’s first quarter, valued at approximately US$57 billion. Roughly 3 percent of Bitcoin’s total supply is now held by companies globally, indicating a major shift in corporate treasury management.

Tether announces plans for US dollar stablecoin

Tether CEO Paolo Ardoino announced in a CNBC interview on Wednesday afternoon that his company plans to launch a US dollar stablecoin in the US as early as the end of this year or in early 2026.

Tether’s existing USDT stablecoin is the leading US dollar exporter with a market cap of nearly US$150 billion; however, it is overshadowed in the US by Circle’s rival product, USDC.

Ardoino told CNBC that USDT was created for smaller, developing economies, and that its new product will be designed with features that cater specifically to the US market.

SEC postpones decisions on XRP and DOGE ETFs

The US Securities and Exchange Commission (SEC) has extended its review period for two proposed spot cryptocurrency exchange-traded funds (ETFs) tied to XRP and Dogecoin, delaying any decision until mid-June.

The agency cited a need for more time to evaluate the filings, specifically the Bitwise DOGE ETF and the Franklin XRP Fund, and the legal issues they raise.

Under federal securities law, the SEC is allowed up to 90 days from the initial publication to make a decision, and this delay appears to fall within that window. Analysts speculated that the delay was anticipated and aligns with broader expectations that most final rulings will land in the fall.

While DOGE and XRP prices saw little immediate movement, the delay signals the SEC’s continued caution around expanding ETF offerings beyond Bitcoin and Ethereum.

Kraken launches ‘Embed’ service to let banks offer crypto trading

Crypto exchange Kraken is opening a new front in institutional crypto adoption with the launch of “Embed,” a plug-and-play crypto trading service for fintechs, neobanks, and traditional financial institutions.

Announced on Wednesday, the service enables companies to integrate crypto trading directly into their apps and websites using Kraken’s APIs, bypassing the need to build costly infrastructure or secure their own licenses.

Amsterdam-based digital bank Bunq is the first to roll out the new service, debuting ‘Bunq Crypto’ to let European users trade digital assets within its existing app.

According to Kraken’s head of payments, Brett McLain, the goal is to offer access to a wide range of tokens and fast asset listings, which he says sets Kraken apart from other white-label providers like Bitpanda.

Embed customers will pay variable service fees and share a portion of trading revenues with Kraken.

KuCoin pledges US$2 billion to Trust project

KuCoin announced a bold US$2 billion investment into what it’s calling the “Trust Project,” a sweeping initiative to restore user confidence and improve transparency across its platform.

The announcement was made during the TOKEN2049 conference in Dubai, where KuCoin executives laid out a roadmap focused on regulatory alignment, user protection, and responsible innovation.

A major component of the project involves giving the exchange’s native token, KCS, a larger role in governance, risk mitigation, and user reward structures. CEO BC Wong said the investment is aimed at securing the “long-term health” of the digital asset ecosystem by strengthening accountability and neutralizing systemic risks.

The initiative arrives as global regulators intensify their scrutiny of centralized exchanges and demand higher standards for custody, disclosures, and user safeguards.

Nasdaq files to list 21Shares Dogecoin ETF

In a fresh bid to tap into retail enthusiasm for meme coins, the Nasdaq has submitted a formal application with the SEC to list the 21Shares Dogecoin ETF, according to a 19b-4 filing released Tuesday.

The ETF is designed to track Dogecoin’s market performance via the CF DOGE-Dollar Settlement Price Index and will hold the token directly, without using leverage or derivatives.

Coinbase Custody Trust has been named as the fund’s official custodian, offering added legitimacy and security to the proposed vehicle. The filing comes in the wake of 21Shares’ S-1 registration and its partnership with the House of Doge — a corporate arm of the Dogecoin Foundation — to promote the fund.

Although the SEC recently delayed a decision on Bitwise’s similar DOGE ETF, Nasdaq’s move signals sustained momentum behind bringing more meme coin exposure to regulated markets.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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This post appeared first on investingnews.com

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Investing

Atlantic Appeals for Fiscal Re-evaluation for Ewoyaa Lithium Project

Investing 3 Mins Read

Atlantic Lithium (ASX:A11,LSE:AAL,OTCQX:ALLIF) is appealing to the Ghanaian government to re-evaluate fiscal terms regarding its flagship Ewoyaa lithium project, which is located in the country.

The company’s board of directors acknowledged media reports on the situation in a press release late last week, saying it wants to ensure the successful development of the asset.

Atlantic notes that lithium prices have significantly declined since the mining lease for Ewoyaa was granted in October 2023, and is urging officials to adjust fiscal terms based on current price levels. Lithium prices remained low in 2024, and the downtrend has continued in 2025, with some price segments falling to four year lows.

Adam Webb, head of battery raw materials at Benchmark Mineral Intelligence, said at the Benchmark Summit in March that lithium carbonate prices are expected to remain about where they are, at US$10,400 per metric ton.

“But if we look further ahead, from 2026 onwards, that market is switching into the deficit, albeit quite small to start with, and that will end up being supportive of prices,” he explained at the Toronto-based event.

Australian spot spodumene concentrate prices have also declined.

Starting the year at the US$990 per metric ton level, values contracted through the first quarter of 2025 and are now sitting at the US$765 level, a 23.5 percent drop from January 2024’s price of US$1,000.

Atlantic said that despite this price environment, it is dedicated to “working in a spirit of partnership” with the Ghanaian government and its host communities to ensure that Ewoyaa becomes a reality.

The project is set to be Ghana’s first lithium-producing mine, and could become one of the top 10 largest spodumene concentrate producers globally. A resource estimate updated in July 2024 outlines 36.8 million metric tons at 1.24 percent lithium oxide, while a June 2023 definitive feasibility study shows Ewoyaa has the capacity to produce 3.6 million metric tons of spodumene concentrate over a 12 year mine life.

“While current lithium prices present headwinds, we believe that through collaboration and prudent fiscal measures, we can advance Ewoyaa to production and deliver lasting value for all stakeholders,” said Executive Chair Neil Herbert.

Atlantic said it is working closely with the Ghanaian government and local communities to progress the project to production and ensure long-term benefits for Ghana, such as critical revenue, local employment and skills development.

In August 2023, Piedmont Lithium (ASX:PLL,NASDAQ: PLL) committed to funding Ewoyaa, acquiring a 22.5 percent stake in the project. The company continues to assist Atlantic in advancing the project.

Speaking with the media earlier this week, Atlantic Lithium CEO Keith Muller said that there is “no doubt” in his mind that Ewoyaa will be built.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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This post appeared first on investingnews.com

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Investing

Anteros Identifies a Near-Surface High-Grade Critical Mineral Target at the Havens Steady VMS Deposit, Newfoundland

Investing 7 Mins Read

Anteros Metals Inc. (CSE: ANT) (‘Anteros’ or the ‘Company’) is pleased to announce the identification of a near-surface, high-grade, critical-metal-bearing zone at its 100% owned, road-accessible Havens Steady VMS Property (‘Havens Steady’ or the ‘Property’) in central Newfoundland. AI-assisted 3D modelling of historical drill data has highlighted stacked lenses of zinc-lead-silver-copper mineralization near surface. This newly interpreted target area, termed the NHC Zone, remains largely untested by historical drilling and will be a key focus of upcoming exploration activities. Field validation and further targeting work are planned to support an inaugural mineral resource estimate for the Property.

Located approximately 40 kilometres southeast of Buchans and 17 kilometres from the past-producing Duck Pond Mine, Havens Steady hosts a laterally extensive polymetallic volcanogenic massive sulphide (‘VMS’) system. The latest modelling confirms a steeply southeast-dipping main mineralized zone (‘MMZ’) trending 057°, with over 700 metres of drilled strike and multiple open vectors along strike and at depth. Within the MMZ, a shallow, relatively high-grade zone is modelled to exist (Figure 1).

NHC TARGET HIGHLIGHTS:

  • Shallow High-Grade Zone – A near-surface, high-grade target interpreted from historical data with limited prior drill testing (Table 1).
  • Copper-Rich Feeder Zone – Historic drill intercepts, elevated Cu:Pb+Zn ratios, and silica-chlorite alteration suggest a potential vent-proximal feeder.
  • Shallow Infill Potential – Gaps in historical drill coverage within the MMZ, particularly in areas with thin overburden, present cost-effective opportunities for delineating additional mineralization and supporting future resource evaluation.
  • Improved Surface Access – Recent timber harvesting has improved access to multiple target areas, enabling inaugural trenching and low-cost grade verification in underexplored areas.
  • Scalable System in a Proven Critical Mineral District – Havens Steady is situated within a critical mineral belt with strong regional analogues, including past-producing VMS mines.

Table 1: Historical intercepts1 of the NHC Zone

Drill Hole From (m) To (m) Int. (m) Cu % Pb % Zn % Ag g/t Au g/t ZnEq2 %
HS-88-03 182.00 250.00 68.00 0.09 0.55 1.45 11.80 0.20 3.04
including 182.40 185.00 2.60 0.91 1.32 6.44 45.68 1.99 17.35
and 191.00 192.00 1.00 0.30 3.56 5.98 32.50 0.55 11.79
and 199.70 201.00 1.30 0.20 3.56 4.52 37.80 0.27 9.39
HS09-18 32.25 34.25 2.00 0.02 0.42 2.11 9.02 0.03 2.82
HS09-18 66.30 68.30 2.00 0.10 0.21 2.26 12.65 0.11 3.45
HS09-18 88.31 88.81 0.50 1.19 1.57 9.70 67.50 2.72 24.46
HS09-18 92.30 100.14 7.84 0.86 1.68 3.64 26.22 0.86 10.78
including 97.42 100.14 2.72 2.10 3.60 6.17 56.42 1.82 22.25
HS09-18 126.50 135.50 9.00 0.44 0.89 3.92 31.46 0.21 7.55
HS09-18 153.90 165.20 11.30 0.08 0.62 2.18 19.06 0.08 3.69
including 158.30 161.30 3.00 0.02 1.07 3.93 24.8 0.05 5.63
HS09-20 92.56 103.10 10.54 0.03 0.47 1.23 16.89 0.07 2.38
including 98.06 99.75 1.69 0.14 1.82 4.01 90.39 0.22 9.25
HS09-20 116.30 125.55 9.25 0.11 0.63 1.76 25.25 0.04 3.47
including 123.05 124.55 1.50 0.16 0.89 3.29 42.83 0.07 6.00
HS09-21 98.38 99.87 1.49 1.26 1.98 5.71 87.61 1.99 19.58
HS09-21 133.77 159.15 25.38 0.10 0.52 1.78 13.74 0.09 3.14
including 142.61 146.61 4.00 0.09 1.54 3.24 27.90 0.20 5.98

 

1Drilled intercepts are historic and may not be representative of true width
2Zinc Equivalent (‘ZnEq’) calculated using US$4.25/lb Cu, $2500/oz Au, $30/oz Ag, $0.8/lb Pb, and $1.3/lb Zn, and assumes 100% recovery

Figure 1: 3D Model, looking southwest, showing the NHC Zone (red solid)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9885/250378_anteros.jpg

Anteros CEO Trumbull Fisher comments, ‘The identification of this shallow, high-grade zone adds meaningful scale and near-term potential to the Havens Steady Property. With surface access recently improved and multiple untested vectors emerging, we are well-positioned to advance this system toward resource definition.’

NEXT STEPS

Anteros plans to undertake field validation and surface mapping in Q2 2025, followed by refinement of drill targets for Phase I drilling, planned for Q3 2025. Priority targets include the NHC Zone and northeast extensions of the MMZ. The Property is fully permitted for diamond drilling, and the Company intends to leverage provincial critical mineral exploration grants to support 2025 work.

ELECTION OF DIRECTOR

In addition, the Company is pleased to announce that at its annual and special shareholder meeting held on April 30, 2025 (the ‘Meeting’), Ms. Emily Halle was elected as a new director of the Company. Ms. Halle is the Co-founder, Geologist, and Managing Director at Halle Geological Services Ltd, a comprehensive exploration management and consulting company since 2008.

Mr. Wesley Keats did not stand for re-election at the Meeting, however, Mr. Keats will remain an advisor to the Company. The Company would like to thank Mr. Keats for his contributions to the Company and wishes him success in his future endeavour.

In connection with the election of Ms. Halle as a director of the Company, Ms. Halle was granted 300,000 stock options to purchase common shares of the Company exercisable at a price of $0.10 per common share for a period of five (5) years. The common shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant.

ABOUT THE PROPERTY

Havens Steady lies within the Storm Brook Formation of the Red Cross Group in the Exploits Subzone of the Dunnage Zone — a prolific metallogenic belt in central Newfoundland. The Property benefits from existing road infrastructure and proximity to hydroelectric power. The region hosts world class VMS deposits such as the past-producing Duck Pond Mine. The Company cautions that mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization on the Property.

Since acquiring the Property in January 2024, Anteros has completed a comprehensive compilation of historical data, which includes airborne EM, geochemical surveys, and over 15,000 metres of historical drilling. Documented mineralization includes sphalerite, galena, chalcopyrite, and bornite in high-grade polymetallic zones. The known system has a strike length of over a kilometre and remains open at depth. Learn more: www.anterosmetals.com/havens-steady.

QUALIFIED PERSON

The technical content of this news release has been reviewed and approved by Jesse R. Halle, P.Geo., a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

ABOUT Anteros Metals Inc.

Anteros is a multimineral junior mining company applying data science and geological expertise to identify and advance critical mineral opportunities in Newfoundland and Labrador. The Company is currently focused on advancing four key projects across diverse commodities and development horizons. Immediate plans for their flagship Knob Lake Property include bringing the historical Fe-Mn Mineral Resource Estimate into current status as well as commencing baseline environmental and feasibility studies.

For further information, please contact or visit:

Email: info@anterosmetals.com | Phone: +1-709-769-1151
Web: www.anterosmetals.com | Social: @anterosmetals

On behalf of the Board of Directors,

Chris Morrison
Director

Email: chris@anterosmetals.com | Phone: +1-709-725-6520
Web: www.anterosmetals.com/contact

16 Forest Road, Suite 200
St. John’s, NL, Canada
A1X 2B9

Cautionary Statement Regarding Forward-Looking Information

This news release may contain ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements herein include but are not limited to statements relating to the prospects for development of the Company’s mineral properties, and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward looking statements. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250378

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Crypto news

Is Bitcoin Rally Over Now As BTC Inflows Slow Down?

Crypto news 3 Mins Read

Investors appear to be growing cautious about the Bitcoin rally, with the BTC inflow slowing down. The recent outflow in the US Spot Bitcoin ETF indicates a waning institutional interest, with many seeing it as a potential threat to the ongoing rally.

Will Bitcoin Rally Continue Amid Slowing BTC Inflow?

The US Bitcoin ETF inflow has slowed from its robust performance over the last eight days, Farside Investors data showed. From April 17-29, the BTC inflow totaled $3.93 billion, which has helped in a strong rally for the flagship crypto’s price, sending it to over $95K.

BlackRock BTC ETF Reigns Supreme

However, on April 30, the investment instruments recorded a combined outflow of $56.3 million. It’s worth noting that BlackRock IBIT has still recorded an inflow of $267 million on Thursday. Also, IBIT has consistently recorded inflows since April 14.

Meanwhile, the recent combined outflow indicates that the institutional interest is fading, which might add pressure on the crypto’s price. Besides, many are also questioning the potential of the Bitcoin rally ahead.

Bitcoin Rally To Sustain? Here’s What To Watch Next

Despite the slowdown in BTC inflow on Thursday, it appears that investors are still putting their bets on the asset. It also indicates that the traders are confident in the long-term potential of Bitcoin, betting on a continuing rally.

Notably, BTC price today was up over 1.3% and traded over $96,000 during writing. However, in the early US hours, the price dropped to $93,796 on Friday. Besides, the future open interest of the asset also rose by over 5%, reflecting the strong confidence of the traders.

What Lies Ahead?

According to CryptoQuant analyst Axel Adler Jr, Bitcoin’s on-chain momentum is gaining steam, with three possible scenarios shaping its next rally. The optimistic outlook predicts a price surge to $150-175K if the Ratio breaks above 1.0.

A base case scenario suggests consolidation between $90-110K, while a pessimistic outlook warns of a correction to $70-85K. With the Ratio currently at 0.8, the next six months will be crucial in determining Bitcoin’s trajectory.

Source: CryptoQuant, X

Meanwhile, a recent BTC price prediction also showed that the crypto is likely to soar past the $100K mark this month. Considering all these, it appears that the Bitcoin rally may continue in the coming days, especially if the ETF inflow recovers to provide more support to the bullish momentum.

The post Is Bitcoin Rally Over Now As BTC Inflows Slow Down? appeared first on CoinGape.

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