Weekly Inflow of 321 Million in Cryptocurrency Bitcoin Shines While Ether Plummets

Coin World reports:
The cryptocurrency market has just attracted an inflow of $321 million, marking its second consecutive week of positive capital movement, thanks to changes in U.S. monetary policy.
Following the Federal Open Market Committee (FOMC) meeting last week, investors rushed in;
the 50 basis point rate cut triggered a 9% increase in assets under management (AuM).
The total value of investment products has now reached $9.5 billion, a 9% increase from the previous week.
Investors are pouring money into Bitcoin as if there were no tomorrow. It itself earned $284 million, making it the preferred choice so far.
There was also an inflow of $5.1 million into Bitcoin short products.
On the other hand, Ethereum has been losing momentum. This marks the fifth consecutive week of capital outflow, with a reduction of $29 million as investors turn elsewhere.
Regionally, the U.S. leads with $277 million in inflows. Switzerland also performed strongly, gaining $63 million, marking the second-best week of the year.
However, not every country shares the same outlook. Germany saw an outflow of $9.5 million, Sweden lost $7.8 million, and Canada experienced a modest outflow of less than $2.3 million.
Grayscale Trust continues to be affected by withdrawals, and new ETFs have done little to attract new capital.
Meanwhile, Solana is seeing slight but steady growth, earning $3.2 million last week.
In a recent fundraising event, Kamala Harris flipped the script, vowing to support the development of the cryptocurrency industry, which has provided the market with some much-needed extra confidence.
Following her pro-crypto statement making headlines, nearly $60 million in short-term liquidations occurred. If she wins the election, the market may not be as pessimistic as some believe.
Anthony Scaramucci and other high-profile cryptocurrency supporters have been closely collaborating with her campaign team.
Last week, Bitcoin rebounded nearly 12% from a low of $575,000. If analysts are correct, it may rise another 13.8% to reach $720,000.
The common front-end bearish tendency in the options market has begun to stabilize.
More buyers are willing to bet on rising Bitcoin prices, while sellers hold the opposite view, making market sentiment more balanced.
The financing rates on major exchanges have also improved, and basis yields are becoming increasingly attractive.
The 7-day simple moving average (SMA) of the fund flow ratio, tracking how much capital flows in and out of exchanges, reached 0.05 last week.
Historically, this level corresponds to market bottoms, the end of bear markets, or halving events. What happens next?
Typically, when this indicator rebounds, the market begins to enter a bull phase, leading to prolonged price increases.
The 30-day SMA of estimated leverage has formed a key support range between 0.15 and 0.175 and is now starting to recover.
With futures ETFs receiving increasing attention since 2021, and new developments in Bitcoin options trading, this indicator is becoming increasingly significant.
Investors are utilizing more leverage, which often indicates their confidence in market direction.
Another noteworthy indicator is the 30-day exponential moving average (EMA) of the binary CDD. Currently, it is between 0.1 and 0.3, suggesting that long-term holders are beginning to buy Bitcoin again.
When this indicator spikes, it typically signals the end of a bull market. However, for now, Bitcoin seems to be in an accumulation phase, which is a positive sign for long-term price growth.
With so many on-chain indicators flashing bullish signals, the market appears ready to break through